Riverside Surgery Center, LLC. v. Methodist Health Systems Inc.

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON January 19, 2005 Session RIVERSIDE SURGERY CENTER, LLC, ET AL. v. METHODIST HEALTH SYSTEMS, INC. Direct Appeal from the Chancery Court for Dyer County No. 03C202 W. Michael Maloan, Chancellor No. W2004-01195-COA-R3-CV - Filed March 14, 2005 This case presents the interpretation of a transfer restriction clause in an LLC operating agreement. The plaintiffs filed a motion for summary judgment requesting a declaration that the defendant, by negotiating for the sale of its interest in the LLC and granting a third-party buyer an option to purchase…