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2021 Maryland Statutes
Corporations and Associations
Title 4A - Limited Liability Company Act
Subtitle 9 - Dissolution, Forfeiture, and Reinstatement
Section 4A-904 - Winding Up

Universal Citation:
MD. Corporations and Associations Code Ann. § 4A-904 (2021)
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)    Unless otherwise agreed, the remaining members of a limited liability company or, if the company has no remaining members, the personal representative, guardian, or other successor to the last remaining member of the company may wind up the affairs of the limited liability company.

    (b)    Notwithstanding the provisions of subsection (a) of this section, the circuit court of the county in which the principal office of the limited liability company is located, on cause shown after dissolution, may wind up the limited liability company’s affairs on application of any member or, if the limited liability company has no remaining members, on application of the personal representative, guardian, or other successor to the last remaining member of the limited liability company.

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