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WALLOP CANYON RANCH, LLC v. GOODWYN

Nos. S-14-0139, S-14-0140.

351 P.3d 943 (2015)

2015 WY 81

WALLOP CANYON RANCH, LLC, a Wyoming Limited Liability Company; Appellant (Defendant), v. Scott Madison GOODWYN, individually, as a Limited Partner, for himself and derivatively on behalf of the Wallop Family Limited Partnership, a Wyoming Limited Partnership, Appellee (Plaintiff). Scott Madison Goodwyn, individually, as a Limited Partner, for himself and derivatively on behalf of the Wallop Family Limited Partnership, a Wyoming Limited Partnership, Appellant (Plaintiff), v. Paul Stebbins Wallop as Personal Representative on Behalf of the Estate of Malcolm Wallop, deceased; Paul Stebbins Wallop as Successor Trustee Under the Malcolm Wallop Revocable Trust Under Agreement Dated January 2, 2008; Paul Stebbins Wallop, individually; Wallop Canyon Ranch, LLC, a Wyoming Limited Liability Company; Wallop Family Limited Partnership, a Wyoming Limited Partnership, Appellees (Defendants).

Supreme Court of Wyoming.

June 9, 2015.

Attorney(s) appearing for the Case

Representing Wallop Canyon Ranch, LLC in Case No. S-14-0139, and all Appellees in Case No. S-14-0140 except the Wallop Limited Partnership: Anthony T. Wendtland of Wendtland & Wendtland, LLP, Sheridan, Wyoming.

Representing Scott Madison Goodwyn: S. Joseph Darrah of Darrah Law Office, P.C., Powell, Wyoming; Daniel B. Frank of Frank Law Office, P.C., Cheyenne, Wyoming. Argument by Mr. Darrah.

Before DAVIS and FOX, JJ., and TYLER, SULLINS, and BROOKS, DJJ.

[¶ 1] In 1992, Malcolm Wallop and French Wallop created an estate plan with the intention of owning and operating the Canyon Ranch and establishing a means of transferring ownership to their respective children. Central to the estate plan is the Wallop Family Limited Partnership (WFLP), a Wyoming limited partnership, which owns and operates...

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