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Court Sets Limits on "Innocent Owner" Claims by Individual Members of a Partnership who Buy Real Property from the Partnership ( April 1999 )
This article discusses the U.S. District Court of New Jersey's holding in Grand Street Artists v. General Electric Co., that general partners with knowledge of property contamination who still move forward to acquire title to that property from the partnership, cannot later avail themselves of the "innocent owner" defense to avoid CERCLA liability.
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