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§ 4A-404. Unanimous consent; reduction

West's Annotated Code of MarylandCorporations and AssociationsEffective: June 1, 2011

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 4. Relationship of Members to Each Other
Effective: June 1, 2011
MD Code, Corporations and Associations, § 4A-404
§ 4A-404. Unanimous consent; reduction
Currentness
Wherever this title requires the unanimous consent of the members to allow the limited liability company to act:
(1) The consent shall be in writing; and
(2) The operating agreement may provide that:
(i) 1. The action may be taken on consent of less than all of the members;
2. The consent of certain members or classes of members is not required to take the action; or
3. No consent of a member or members is required to take the action; and
(ii) The action may be taken only with the consent of one or more persons who is or are not a member or members of the limited liability company, in which case the consent of that person or those persons shall be required in order for the limited liability company to take the action.

Credits

Added by Acts 1992, c. 536. Amended by Acts 2011, c. 597, § 1, eff. June 1, 2011.
MD Code, Corporations and Associations, § 4A-404, MD CORP & ASSNS § 4A-404
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.
End of Document