Whenever you draft a buy-sell provision in an LLC operating agreement, you want to consider whether it’s also, effectively, a call provision.  The new post from Peter Mahler’s blawg under the link below addresses a recent Delaware Court of Chancery case on this issue.

Here’s the link:  https://www.nybusinessdivorce.com/2020/06/articles/buyout/consider-whether-your-buy-sell-provision-is-a-call-option-before-pulling-the-trigger/