Maryland Commercial Law Section 23-105

Article - Commercial Law

§ 23-105.

      (a)      The covenant of good faith and fair dealing shall be implied in an operating agreement unless the operating agreement states that a party may perform a duty or obligation in the party's sole discretion.

      (b)      Unless an operating agreement contains a covenant or other provision that specifically incorporates a duty into the operating agreement, no duties shall be implied under the operating agreement.



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