# Corporations and Associations (GCA)

## Title 4A. Limited Liability Company Act

### Subtitle 2. Formation and Powers

#### Section 4A-201

A limited liability company may be organized under this title and may conduct activities in any state related to any lawful business, purpose, investment, or activity, whether or not for profit, except the business of acting as an insurer.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)