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Background
Some of the facts and certain documents have been stipulated
for trial pursuant to Rule 91 and are found accordingly. The
Court incorporates the parties' stipulations in this opinion by
reference.
At the times their respective petitions herein were filed,
RCR #4, RCR #6, and OGT 90 each maintained its principal place of
business either in Burns, Oregon, or in Herald, California.
A. Overview
Walter J. Hoyt III (Mr. Hoyt), is a general partner of each
of the three sheep breeding partnerships that are involved in the
instant cases--RCR #4, RCR #6, and OGT 90. From 1981 through the
time of the trial in the instant cases, Mr. Hoyt organized,
promoted to numerous investors, and operated as a general partner
a total of nine separate sheep breeding partnerships. These nine
partnerships were formed and began operating in the years
indicated as follows:
Partnership Year
River City Ranches #1 (RCR #1) 1981
River City Ranches #2 (RCR #2) 1982
River City Ranches #3 (RCR #3) 1983
RCR #4 1984
River City Ranches #5 (RCR #5) 1985
RCR #6 1986
River City Ranches #5-2 (RCR #5-2) 1987
Ovine Genetic Technology 1987 (OGT 87) 1987
OGT 90 1990
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Last modified: May 25, 2011