Case Name: Max A. HANKIN and Janet Hankin, v. Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin R. Shanken and Pauline Shanken, and Estate of Samuel Hankin and Harriet Hankin and Pan American Associates. Appeal of Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin Shanken, and Pauline Shanken
Court: Superior Court of Pennsylvania
Jurisdiction: Pennsylvania
Decision Date: 1981-12-18
Citations: 302 Pa. Super. 295
Docket Number: No. 2131
Parties: Max A. HANKIN and Janet Hankin, v. Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin R. Shanken and Pauline Shanken, and Estate of Samuel Hankin and Harriet Hankin and Pan American Associates. Appeal of Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin Shanken, and Pauline Shanken.
Judges: Before POPOVICH, WATKINS and VAN der VOORT, JJ.
Reporter: Pennsylvania Superior Court Reports
Volume: 302
Pages: 295–305

Head Matter:
448 A.2d 1049
Max A. HANKIN and Janet Hankin, v. Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin R. Shanken and Pauline Shanken, and Estate of Samuel Hankin and Harriet Hankin and Pan American Associates. Appeal of Moe Henry HANKIN, Sabina Hankin, Perch P. Hankin, Gertrude Hankin, Benjamin Shanken, and Pauline Shanken.
Superior Court of Pennsylvania.
Argued Sept. 9, 1981.
Filed Dec. 18, 1981.
Petition for Allowance of Appeal Denied May 3, 1982.
Reargument Denied Aug. 17, 1982.
Thomas A. Allen, Philadelphia, and Philip D. Weiss, Norristown, for appellants.
Franklin Poul, Philadelphia, for Max Hankin, etc., appellees.
Sheldon Bonovitz, Philadelphia, for Samuel Hankin, appellee.
Theodore R. Mann, Philadelphia, for Harriet Hankin, appellee.
Stephen G. Yusem, Norristown, for Pan American, appellee.
Before POPOVICH, WATKINS and VAN der VOORT, JJ.

Opinion:
PER CURIAM:
This controversy is no stranger to this Court. A full recital of the factual basis of the controversy is set forth in Hankin v. Hankin, 279 Pa.Superior Ct. 179, 420 A.2d 1090 (1980) and will not be repeated in this opinion.
The court below originally entered the following Decree Nisi after extensive hearings, findings of fact and conclusions of law:
"AND NOW this 2nd day of April, 1979, in accordance with the above findings of fact and conclusions of law, IT IS HEREBY DECREED that:
1. No receiver shall presently be appointed to dispose of the assets of the 'Hankin Family Partnership'.
2. Management and liquidation of the assets of the 'Hankin Family Partnership' shall continue as heretofore, under supervision of the Court.
3. In accordance with conclusions of law 15 through 18, supra, the Willow Grove Park properties are to be sold to Pan American Associates pursuant to the existing Agreements. Execution of the required documents to effect such conveyances by a majority of the partners shall be valid and sufficient to complete passage of title.
4. The Option Agreement covering the Valley Forge Golf Course property is valid and binding upon the partnership. In the event said option is exercised by Pan American Associates, execution of the required documents to effect a conveyance thereunder by a majority of the partners shall be valid and sufficient to complete passage of title.
5. The Court will review and act upon requests to approve such additional sales of partnership property as shall from time to time be presented for such purpose. If necessary, hearings will be scheduled to consider the appropriateness of proposed sales.
6. Moe and Perch Hankin shall continue to arrange the payment of federal and state income taxes for the individual partners, as has been the custom of the partnership in the past.
7. The various motions and preliminary objections filed heretofore, being moot by reason of this Adjudication, are so declared and dismissed.
8. The Court will enter such additional orders as are required to effectuate the continuing liquidation of partnership assets, as such are required, from time to time, after due notice to the parties and their respective counsel.
9. An accounting, if required, will abide liquidation of the partnership assets, or further order of the Court.
This Decree shall become final unless exceptions are filed pursuant to Pa.R.C.P. 1518.
BY THE COURT:
/s/ LOUIS D. STEFAN, J."
This Court affirmed this Decree by opinion filed June 6, 1980 and a Petition for Allowance of Appeal to the Supreme Court of Pennsylvania was denied September 25, 1980.
In November, 1980, a petition for distribution in kind was filed by original complainants and other minority partners, which led the court below to enter a second Decree Nisi as follows:
"DECREE NISI. AND NOW, this 10th day of July, 1981, in accordance with the foregoing, it is hereby DECREED that:
1. On August 17,1981, the Court will hold a hearing to determine the fair market value of each of the remaining partnership assets. To the extent that the partners are not then prepared to stipulate to such values, the Court will hear such expert testimony as to parties then offer, and will judicially determine values based on the evidence. Fees of one appraiser selected by the majority Hankins and one appraiser selected by minority Hankins shall be paid by Hankin Enterprises.
2. Thereafter, the Court will conduct the selection procedure as follows:
(a) The Court will first determine what dollar amount shall be set aside as a reserve to satisfy financial claims including capital account claims among the partners, and to equalize the in kind distribution upon its conclusion.
(b) The five respective partnership interests will then draw numbers from one through five to determine the order of selection.
(c) The order of selection of properties will be: one, two, three, four, five; five, four, three, two, one; and, subject to paragraph (d) below, will then be repeated until all properties except properties totaling in value an amount equal to the reserve, as previously determined by the Court, have been selected.
(d) Each partnership interest shall continue to select properties until that partnership interest has selected properties totaling in value one-fifth of the total valuation minus the reserve.
3. Between now and the completion of the selection process, the operation of the operating properties shall continue as heretofore; provided, however, that no property shall be sold except by mutual consent of all the parties.
This Decree shall become final unless exceptions are filed pursuant to Pa.R.C.P. 1518.
BY THE COURT:
/s/ LOUIS D. STEFAN, J."
Exceptions of appellants were dismissed by Order dated August 12, 1981. This appeal followed.
As the Chancellor originally found and this Court affirmed, it is to the advantage of all interested parties to have this partnership liquidated in an orderly manner under the direction and control of the court below, within a reasonable time.
The partnership was dissolved in 1977 and at the time was possessed of diverse holdings of a value of 77 million dollars, the nature of which does not lend itself to immediate liquidation. During the intervening time the majority partners, who are charged with the liquidation, have been hindered by the minority partners, either some or all, by litigation at every step of the way. Under all the circumstances it does not appear that the liquidating partners have had a reasonable, unhindered time in which to accomplish an orderly liquidation of such vast holdings and they should be granted another year to accomplish same. The lower court abused its discretion in setting aside its original order at this time. In the meanwhile liquidation shall continue as heretofore under the supervision of the court below.
After a careful study of the long record of this sometimes bitter controversy, it is the opinion of this Court that the liquidation must be accomplished in a careful and orderly fashion. We do not believe that the selection of properties as contained in the opinion of the court below accomplishes this purpose at this time.
However, at the end of - that time, should the liquidation not be complete, the lower court shall then make whatever order is appropriate at the time which best serves the interests of all parties concerned.
The language of the Uniform Partnership Act, 59 Pa.C.S.A. Sec. 360(a) and the general rule favors a liquidation and cash distribution in the absence of an agreement to do otherwise. However, under special circumstances, where the best interests of all concerned will be served by some alternate method we should approve same. Equity in Pennsylvania must never leave a litigant without a remedy which protects a minority interest.
The usual method of a public sale of the assets would be to the disadvantage of the minority parties, the appellees, because of financial considerations; and the drawing as provided in the order of the court below would be clearly to the disadvantage of the majority partners, the appellants, who over the course of the years created the assets being liquidated.
The order of the court below is reversed as to the selection process provided therein and the management and liquidation of the assets of the "Hankin Family Partnership" shall continue as provided in the Decree dated April 2,1979 under the supervision of the court below for a period of one (1) year from the date of this opinion.
POPOVICH, J., files a dissenting opinion.