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that partnership, they contemplated and intended that CRSLP
operate as a joint enterprise for profit for the management of
its assets and that C. Rivers Stone contribute his services in
providing such management. After the funding of CRSLP in April
1997, C. Rivers Stone began actively managing the assets of that
partnership, as Mr. Stone and Ms. Stone intended. When the
partners of RSMLP formed and funded that partnership, they con-
templated and intended that RSMLP operate as a joint enterprise
for profit for the management of its assets and that Ms. Morris
contribute her services in providing such management. After the
funding of RSMLP in April 1997, Ms. Morris began actively manag-
ing the assets of that partnership, as Mr. Stone and Ms. Stone
intended. When the partners of MSFLP formed and funded that
partnership, they contemplated and intended that MSFLP operate as
a joint enterprise for profit for the management of its assets
and that Ms. Fraser contribute her services in providing such
management. After the funding of MSFLP in April 1997, Ms. Fraser
began actively managing the assets of that partnership, as Mr.
Stone and Ms. Stone intended.
On the record in the instant cases, we find that, unlike the
transfers involved in Estate of Harper and other cases factually
similar to that case, the respective transfers at issue by Mr.
Stone and Ms. Stone did not constitute “circuitous ‘recycling’ of
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