- 6 - AND NOW, this 7 day of JULY, 1992, WE FIND that the business was operated on a partnership basis; the assets of the business are as set forth in this opinion. Plaintiff is entitled to dissolution of the partnership and an accounting. The profits will be shared equally after the partners are repaid their contribution as provided by the act. Unless an appeal is filed within thirty (30) days the court will appoint a Master to determine the asset valuation and disposition of assets. The State court entered a second opinion on January 6, 1997, after 16 days of hearings, resolving differences between the brothers over an account of the business that had been filed by James and excepted to by Darwin (herein- after the 1997 State court opinion). In the 1997 State court opinion, the State court determined that James had made capital contributions to the partnership of $1,001,558.60, that Darwin had made capital contributions to the partnership of $2,320, and that the partnership had $23,311.87 in its bank accounts. The court ordered payment of the outstanding liabilities of the partnership totaling $23,335.47. The court also ordered the sale of partnership equipment at a public auction, with all profits from the sale to be deposited into the partnership bank account. The partnership equipment included various pieces of restaurant equipment, such as a popcorn machine and an ice cream freezer, and various pieces of agricultural orPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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