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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2011
COMMITMENTS AND CONTINGENCIES. 
COMMITMENTS AND CONTINGENCIES

NOTE 9. COMMITMENTS AND CONTINGENCIES

 

From time to time, the Partnerships are involved in various ordinary routine litigation incidental to their business. The Partnership either has insurance coverage or provides for any uninsured claims when appropriate. The Partnerships are not involved in any material pending legal proceedings.

 

As more fully described in the Form 8-K filed on September 13, 2011, the Partnership received a letter from the NYSE Amex dated September 9, 2011, notifying the Partnership that it was not in compliance with the continued listing standards of the exchange.  In our October 4, 2011 response to the NYSE, the Partnership demonstrated how it will be in compliance with its listing requirements.  Management anticipates that its comprehensive response will be received favorably and the Partnership will retain the listing on NYSE.  Management expects to receive a formal response from the NYSE in the fourth quarter of 2011.