Plaintiffs each own one fractional share out of a total of 40 shares evidencing ownership of a syndicated thoroughbred stallion named Cormorant. The original syndication agreement, which provided that the stallion be maintained and bred by one Stanley T. Greene, Jr., at Virginia Stallion Station in Virginia, was amended effective January 3, 1980 by the addition of paragraph 5.1 (e) to substitute defendant as syndicate manager in place of Greene and further provided that the...
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