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Md. Code Ann., Corps. & Ass'ns § 4A-12A-12

Known as the Maryland Limited Liability Company Act

The act spans §§ 4–4 (127 sections).

§4A–12A–12. NOT IN EFFECT

** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **

(a) A limited worker cooperative association shall have an assembly as constituted by the body of all voting members.

(b) An individual is not an agent of a limited worker cooperative association solely by being a member of the assembly.

(c) A debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not a debt, an obligation, or a liability of a member of the assembly solely by reason of being a voting member.

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