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.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.