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After Sidney Gore’s death on January 25, 1995, and in
response to his concerns, Ms. Bowers first proposed the idea of a
limited partnership to Ms. Powell and Mr. Gore and later
discussed it with decedent. Ms. Bowers had little experience
with family limited partnerships and had never recommended one to
a client before she made the proposal to the Gore children, so
she recommended that Ms. Powell, Mr. Gore, and decedent retain an
attorney to further advise them about a limited partnership. Ms.
Powell and Mr. Gore ultimately engaged the services of attorneys
John L. Boyd and Jim Bishop.
On December 11, 1996, the Estate of Sidney Gore filed a
General Inventory and Appraisement in the District Court for
Tulsa County, State of Oklahoma (district court). The inventory
reported the total value of Sidney Gore’s estate as $4,568,204.
Formation of GFLP
On December 19, 1996, Ms. Powell and Mr. Gore executed a
Certificate of Limited Partnership for GFLP (certificate), which
they filed with the secretary of state of the State of Oklahoma.
The certificate set forth the name of the partnership, designated
John L. Boyd as its service agent, named Ms. Powell and Mr. Gore
as the general partners, and provided that the partnership was to
exist for 49 years and 12 days commencing on December 19, 1996.8
8Stipulation 22 erroneously states that the commencement
date specified in the certificate is Dec. 26, 1996.
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Last modified: November 10, 2007