Current with changes from the 2024 Legislative Session
Section 4A-1202 - Severability(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.Renumbered from § -4A-1201 by 2013 Md. Laws, Ch. 527,Sec. 1, eff. 10/1/2013.Renumbered from § -4A-1201 by 2013 Md. Laws, Ch. 528,Sec. 1, eff. 10/1/2013.