# Corporations and Associations (GCA)

## Title 4A. Limited Liability Company Act

### Subtitle 9. Dissolution, Forfeiture, and Reinstatement

#### Section 4A-906

On the winding up and termination of a limited liability company, the assets shall be distributed as follows:

(1) To creditors, including members who are creditors, to the extent permitted by law, in satisfaction of the liabilities of the limited liability company; and

(2) Unless otherwise agreed, to the members in proportion to their respective capital contribution values, after the capital contribution values are adjusted by:

  (i) Adding to the members' capital contribution values their respective shares of the profits of the limited liability company; and

  (ii) Deducting from the members' capital contribution values their respective shares of the losses of the limited liability company and all distributions previously received by the members.

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