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Md. Code Ann., Corps. & Ass'ns § 4A-1202

Known as the Maryland Limited Liability Company Act

The act spans §§ 4–4 (127 sections).

(a) The provisions of this title apply to benefit limited liability companies except to the extent that:

(1) The context of a provision clearly requires otherwise; or

(2) A specific provision of this title provides otherwise.

(b) This subtitle applies only to a benefit limited liability company.

(c) (1) The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a limited liability company that is not a benefit limited liability company.

(2) This subtitle does not affect any statute or rule of law as it applies to a limited liability company that is not a benefit limited liability company.

(d) A provision of the articles of organization or operating agreement of a benefit limited liability company may not be inconsistent with any provision of this subtitle.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.