2010 Maryland Code
CORPORATIONS AND ASSOCIATIONS
TITLE 4A - LIMITED LIABILITY COMPANY ACT
Subtitle 4 - Relationship of Members to Each Other
Section 403 - Consent by members.
§ 4A-403. Consent by members.
Unless otherwise provided in this title or in the operating agreement:
(1) Members shall vote in proportion to their respective interests in profits of the limited liability company; and
(2) Decisions concerning the affairs of the limited liability company shall require the consent of members holding at least a majority of the interests in profits of the limited liability company.
[1992, ch. 536.]
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
