Maryland Corporations and Associations Section 4A-906
§ 4A-906.
  On the winding up and termination of a limited liability company, the assets shall be distributed as follows:
    (1)   To creditors, including members who are creditors, to the extent permitted by law, in satisfaction of the liabilities of the limited liability company; and
    (2)   Unless otherwise provided by the operating agreement, to the members in proportion to their respective capital interests, after the capital interests are adjusted by:
      (i)   Adding to the members' capital interests their respective shares of the profits of the limited liability company; and
      (ii)   Deducting from the members' capital interests their respective shares of the losses of the limited liability company and all distributions previously received by the members.