§ 4A-406. Inspection rights of members
West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-406
§ 4A-406. Inspection rights of members
(a) A member may inspect and copy, in person or by agent, from time to time on reasonable written demand, for any purpose reasonably related to the member's membership interest:
(b) Any member may inspect and copy, in person or by agent, a copy of the limited liability company's federal, state, or local income tax returns.
(c) The rights to inspect and copy records of a limited liability company may be subject to reasonable standards that may be set forth in the articles of organization or the operating agreement, including standards governing what information and documents are to be furnished, at what time and location, and at whose expense.
(d) Unless a member seeking information executes a confidentiality or nondisclosure agreement reasonably acceptable to the limited liability company restricting the use and disclosure of the information, a limited liability company shall have the right to keep confidential from members, for a reasonable period of time:
Credits
Added by Acts 1992, c. 536. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-406, MD CORP & ASSNS § 4A-406
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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