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On October 1, 1997, after Mr. Stone died, Eugene Earle
Stone, IV, and Anne M. Stone, as general partners, filed a first
amendment to the certificate of limited partnership for ES4LP
with the S.C. Secretary of State. The purpose of that amendment
was to remove Mr. Stone as a general partner of ES4LP.
On January 8, 1998, after Mr. Stone died, Eugene Earle
Stone, IV, C. Rivers Stone, Ms. Morris, and Ms. Fraser, as
general partners, filed a second amendment to the certificate of
limited partnership for ES3LP with the S.C. Secretary of State.
The purpose of that amendment was to remove Mr. Stone as a
general partner of ES3LP.
After Mr. Stone’s death, all the respective partners of each
of ES4LP, CRSLP, RSMLP, and MSFLP agreed to make a distribution
from each such partnership in order to pay the portion of the
Federal estate tax and any applicable State estate tax (State
estate tax) (collectively, Federal and State estate taxes) with
respect to Mr. Stone’s estate that was attributable to the
inclusion in that estate of the total partnership interest in
each such partnership held by Mr. Stone on the date of his death.
After Mr. Stone’s death, the partners of ES3LP did not agree to,
43(...continued)
filed a second amendment to the certificate of limited partner-
ship for CRSLP with the S.C. Secretary of State. The purpose of
that amendment was to remove Charles Rivers Stone, Jr., as a
general partner of CRSLP. The record does not disclose why
Charles Rivers Stone, Jr., withdrew as a general partner of
CRSLP.
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