Md. Code Ann., Corps. & Ass'ns § 4A-1202
Application of subtitle
Effective Oct 1, 2013Added as Corporations and Associations § 4A-1102 by Acts 2011, c. 500, § 2, eff. June 1, 2011; Acts 2011, c. 501, § 2, eff. June 1, 2011. Renumbered as Corporations and Associations § 4A-1202 by Acts 2013, c. 527, § 1, eff. Oct. 1, 2013; Acts 2013, c. 528, § 1, eff. Oct. 1, 2013.State of Maryland
(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.
Added as Corporations and Associations § 4A-1102 by Acts 2011, c. 500, § 2, eff. June 1, 2011; Acts 2011, c. 501, § 2, eff. June 1, 2011. Renumbered as Corporations and Associations § 4A-1202 by Acts 2013, c. 527, § 1, eff. Oct. 1, 2013; Acts 2013, c. 528, § 1, eff. Oct. 1, 2013.