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of the Partnership Table Of Contents Formation of the Partnership Name Definitions Business of the Partnership Names and Addresses of the Partners Term Business Office Capital Contributions Distributions Allocations of Profits and Losses for Tax Purposes Book of Accounts, Records, and Reports Fiscal Year Partnership Funds Transfer of Partnership Interests and Voting Management and Administration of Business Dissolution of the Partnership Winding Up, Termination, and Liquidating Distributions Notices Miscellaneous |
Business of the Partnership The business of the Partnership is to own, manage, train, race, hold, maintain, improve, develop, sell, exchange, lease and otherwise own or deal with for profit a Partnership Thoroughbred and interests therein, to otherwise engage in the Thoroughbred racing business, and to engage in any and all general business activities related or incidental thereto. The Partnership intends to purchase a Thoroughbred Yearling (colt or filly); Two-Year-Old In Training; and/or a claimer. A decision about which age/sale will be made by the Managing Partner. |
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