Tara Lynd v. Marshall County Pediatrics, P.c.

Summary

The Alabama Supreme Court reversed the trial court’s summary‑judgment ruling that valued Dr. Lynd’s shares at book value and remanded for further proceedings. It held that the bylaws did not require the outdated book‑value method and that the trial court erred in applying that statute. However, the Court found Dr. Lynd was not entitled as a matter of law to a fair‑value award, so the trial court was correct in denying her summary‑judgment request on that ground.