This Comment examines the issue of when a limited partnership is in existence in light of the California Court of Appeal's decision in Sherman v. Lloyd, in which it held that no limited partnership exists unless the limited partners have "mutually selected" each other for admission into the limited partnership. The author criticizes this recent twist in limited partnership doctrine, arguing from both a practical and an analytical standpoint that "mutual selection" has no place in California law.
George M. Means,
Sherman v. Lloyd and Mutual Selection in California Limited Partnership Law,
San Diego L. Rev.
Available at: https://digital.sandiego.edu/sdlr/vol24/iss5/6