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FORUM INS. CO. v. TEXARKOMA TRANSP. CO.

229 A.D.2d 341 (1996)

645 N.Y.S.2d 786

Forum Insurance Company, Appellant, v. Texarkoma Transportation Co., Respondent, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

July 18, 1996

Defendant Texarkoma Crude and Gas Company ("Crude") was incorporated by Scott Towner in Arkansas in 1984 for the purpose of promoting and syndicating limited partnership investments in the exploration and development of oil and gas interests. Crude became a general partner in the other defendant Texarkoma partnerships operating in Alabama and Tennessee, in addition to purchasing limited partnership interests.

Plaintiff, an Illinois corporation, helped to finance this...

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