Operating Agreement (2008)Full Document 

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OPERATING AGREEMENT
OF
SMBI OSE, LLC

 

This Operating Agreement (the “Agreement”) of SMBI OSE, LLC, an Alabama limited liability company (the “Company”), is entered into by and between SMBIMS Tuscaloosa, Inc., a Tennessee corporation (the “Member”), and the Company, effective as of January 30, 2008.

 

WHEREAS, the Member desires to form the Company as a limited liability company in accordance with the Alabama Limited Liability Company 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. On January 30, 2008, the Company was formed as an Alabama limited liability company by the filing of Articles of Organization in the office of the Secretary of State of Alabama (the “Articles”).

 

Section 2.                    Registered Office; Registered Agent. The registered office of the Company in the State of Alabama 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 Alabama 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 Alabama.

 

Section 3.                    Powers. The Company will have all powers permitted to be exercised by a limited

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