§ 4A–1202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4A-1202 (2026)
Title 4A. Limited Liability Company Act
Subtitle 12. Benefit Limited Liability Companies
§ 4A–1202LinkCopy Citation
(a)
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)
This subtitle applies only to a benefit limited liability company.
(c)
(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)
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.