2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4A-1102 - Applicability.


MD Corp & Assn Code § 4A-1102 (2013) What's This?

(a) Exceptions. -- 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) In general. -- This subtitle applies only to a benefit limited liability company.

(c) Construction with other laws. --

(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) Construction of articles of organization or operating agreement. -- 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.

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