Lede v. Aycock

PRICE, Justice.

Appellant, defendant in the trial court, appeals a declaratory judgment determining that his offer to purchase an interest in the partnership was not bona fide. For reasons subsequently stated, we affirm.

Appellees, plaintiffs in the trial court, are partners in Houston Northwest Hospital Properties. By the terms of Article IV, §§ 4.1, 4.3 of their partnership agreement, any partner who plans to “sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber all or any portion” of his interest must offer the remaining partners “the option to purchase all or any…