Day v. Nu-Day Partnership, LLLP
Annotate this CaseNu-Day Partnership, LLLP, ("Nu-Day"), a family limited partnership, filed an action against Norma Day for, among other things, quiet title in an attempt to clarify that Nu-Day was still the owner of certain property in Atlanta ("Bishop Street property"). At issue was whether Lon Day's 2001 transfer of his interest in LLD Management to his children was an ultra vires act and therefore void. The court held that an ultra vires act had nothing to do with the actions of an individual who simply chose to transfer his own interest in a company to other individuals, as such actions had nothing to do with the corporation itself acting beyond the scope of its legal authority. The court also held that the record indicated that Lon Day clearly intended to, and did, in fact, execute legal documents that transferred all of his interest in LLD Management to his children, who served as sole owners of Nu-Day.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.