§ 9A-103. Effect of partnership agreement; nonwaivable provisions
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 9A-103
§ 9A-103. Effect of partnership agreement; nonwaivable provisions
(a) Except as otherwise provided in subsection (b) of this section, relations among the partners and between the partners and the partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, this title governs relations among the partners and between the partners and the partnership.
(b) The partnership agreement may not:
(i) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty; however, the partnership agreement may not be amended to expand or add any specific types or categories of activities that do not violate the duty of loyalty without the consent of all partners after full disclosure of all material facts; or
Credits
Added as Corporations and Associations § 9-103 by Acts 1997, c. 654, § 2, eff. July 1, 1998. Renumbered as Corporations and Associations § 9A-103 by Acts 1998, c. 743, § 1, eff. June 1, 1998.
MD Code, Corporations and Associations, § 9A-103, MD CORP & ASSNS § 9A-103
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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