# kaal:claim:4033886-013

**Claim.** An investor who has been fully redeemed loses the ability to test the fund's valuation of his interest: the court held that Greenhouse retained no equity interest and therefore had no right to inspect the partnership's books and records.

**Type.** failure  **Support.** evidenced

**Holds when.**

- Delaware limited partnerships under 6 Del. C. section 17-305
- investor has already withdrawn and been redeemed

**Source quote.**

> Therefore, the court concluded that Greenhouse did not retain and equity interest in the partnership and was not entitled to inspect the partnership's books and records.25

**From.** Wulf A. Kaal, Samuel Evans, Hayley Howe, *Digital Asset Valuation* (2022), II.1.b Private Investment Fund Valuation Issues, page 10

**Cite as.** Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

**Verify.** sha256 of source PDF `52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202022%20-%20Digital%20Asset%20Valuation.pdf

**Failure mode.** redeemed investor loses inspection remedy  (family: investor-protection-gap)

**Topics.** economics

**Keywords.** inspection-rights, limited-partners, delaware-law, fund-valuation

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