Barry E. Moore and Deborah E. Moore - Page 49




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          coincidentally, mirrored the split under the assignment and                 
          assumption agreement.  Therefore, we view the LLC’s 1998-2000               
          distributions in relative percentages approximating 68, 20, and             
          12 among Drs. Joffe and McKernan and Ms. Moore, respectively, as            
          strong evidence that those distributions reflected a 68-20-12-              
          percent membership interest allocation in the LLC among those               
          individuals during those years.                                             
               In the light of the foregoing, we find no basis for                    
          concluding that the effective date provision of the assignment              
          and assumption agreement was caused by a mutual mistake                     
          reformable by parol evidence under Georgia law.                             
                    b.  Dr. Joffe’s Transfers of Membership Interests Under           
                    the Assignment and Assumption Agreement Were Not                  
                    Void Because of Noncompliance With Article 10 of                  
                    the LLC Operating Agreement                                       
               Petitioners argue that, because Dr. Joffe’s membership                 
          interest transfers to Dr. McKernan and Ms. Moore failed to comply           
          with the requirements of article 10 of the LLC operating                    
          agreement, governing dispositions of membership interests, and              
          article 6, governing meetings of LLC members, his purported                 
          transfer to Ms. Moore, as of January 1, 1997, “is null and void             
          ab initio” pursuant to article 10.7.  Petitioners’ argument                 
          ignores established principles of Georgia law, which provide that           
          contractual provisions may be waived by the mutual consent of the           
          parties to the contract, and that such consent may be established           








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