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refusal under which a partner who wishes to transfer his,
her, or its interest in Hill House to a third party must
first offer to sell the interest to the other partners on
the same terms and conditions offered by the third party.
Paragraph 7.4 of the agreement gives the general partner
absolute discretion to consent to or deny the substitution
of a limited partner, unless the purchaser is already a
partner.
The Limited Partnership Agreement sets forth the
following list of partners and the percentage interest of
each:
General Partner Percentage Interest
Paul S. Weinberg 1.000
Limited Partners
Trust A 25.235
Paul Trust 14.982
Etta H. Weinberg, copartner 14.395
in M.E.L. Realty Co.
Anne K. Gross, copartner 8.648
of M.E.L. Realty Co.
Barbara G. Reines, copartner 8.648
in M.E.L. Realty Co.
Paul Trust, copartner 14.395
in M.E.L. Realty Co.
Anne K. Gross 9.390
Max and Esther S. Oppenheim 3.307
As shown above, the decedent’s son, Mr. Paul S.
Weinberg, was the sole general partner of Hill House and
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Last modified: May 25, 2011