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Betsy’s family, and the Thompson Partnership and R. P. Thompson
Corp. (Thompson Corp.) for Robert’s family. The Turner Partnership
and Turner Corp. were to be established under the laws of
Pennsylvania, where Betsy resided, and the Thompson Partnership and
Thompson Corp. were to be established under the laws of Colorado,
where Robert lived.
In implementing the Fortress Plan, Mr. Cheleden prepared the
partnership and shareholder agreements for the Turner Partnership
and Turner Corp., the Pennsylvania entities. Because Mr. Cheleden
was not licensed outside of Pennsylvania, he arranged for the
partnership and shareholder agreements for the Thompson Partnership
and Thompson Corp. to be prepared by Frederick Meyer, an attorney
licensed to practice in Colorado.
B. Formation of the Turner Partnership and Turner Corp.
On April 21, 1993, Turner Corp. and the Turner Partnership
were formed under the laws of Pennsylvania. Articles of
incorporation for Turner Corp. and a certificate of limited
partnership for the Turner Partnership were filed with the
Department of State of the Commonwealth of Pennsylvania. The
registered office and place of business of both Turner entities was
Woodside Farm, Kennett Square, Pennsylvania. Woodside Farm was the
residence of Betsy and George.
Stock certificates were issued to decedent (490 shares), Betsy
(245 shares), George (245 shares), and National Foundation, Inc.
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Last modified: May 25, 2011