Operating Agreement (2008)Full Document 

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OPERATING AGREEMENT

OF

ASC OF NEW ALBANY, LLC

 

This Operating Agreement (the “Agreement”) of ASC OF NEW ALBANY, LLC, an Indiana limited liability company (the “Company”), is entered into by and between SARC/Vincennes, Inc., a Tennessee corporation (the “Member”), and the Company, effective as of December 31, 2007.

 

WHEREAS, the Member desires to adopt an operating agreement in accordance with the Indiana Business Flexibility Act (as amended, the “Act”);

 

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Section 1.      Organization. Effective December 31, 2007, the Company was formed as an Indiana limited liability company by the filing of Articles of Organization in the office of the Secretary of State of Indiana (the “Articles”).

 

Section 2.      Registered Office; Registered Agent. The registered office of the Company in the State of Indiana will be the initial registered office designated in the Articles or such other office (which need not be a place of business of the Company) as the Member may designate from time to time in the manner provided by law. The registered agent of the Company in the State of Indiana will be the initial registered agent designated in the Articles or such other person as the Member may designate from time to time in the manner provided by law. The principal office of the Company will be at such location as the Member may designate from time to time, which need not be in the State of Indiana.

 

Section 3.      Powers. The Company will have all powers permitted to be exercised by a limited liability company organized in the State of Indiana.

 

Section 4.      Term. The Company commenced on the date the Articles were filed with the Secretary of State of Indiana, and will continue in existence until terminated pursuant to this Agreement.

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