2020 Maryland Statutes
Corporations and Associations
Title 4A - Limited Liability Company Act
Subtitle 7 - Merger
Section 4A-702 - Approval of Merger

Universal Citation:
MD. Corporations and Associations Code Ann. § 4A-702 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    The proposed merger shall be approved in the manner provided by this section.

    (b)    A corporation shall approve the merger under the provisions of § 3–105 of this article.

    (c)    A business trust shall approve the merger under the provisions of § 8–501.1 or § 12–602 of this article.

    (d)    A partnership shall approve the merger under the provisions of § 9A–902 of this article.

    (e)    A limited partnership shall approve the merger under the provisions of § 10–208 of this article.

    (f)    Unless otherwise agreed, a domestic limited liability company shall approve the merger by the consent of the members holding at least two–thirds of the interest in profits of the limited liability company as determined under § 4A–503 of this title.

    (g)    A foreign limited liability company party to the merger shall have the merger advised, authorized, and approved in the manner and by the vote required by the laws of the place where it is organized.

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