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§ 4A-1106. Completion of conversion

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2013

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 11. Conversions of Limited Liability Companies (Refs & Annos)
Effective: October 1, 2013
MD Code, Corporations and Associations, § 4A-1106
§ 4A-1106. Completion of conversion
Currentness
Conversion to a limited liability company
(a) The conversion of an other entity to a limited liability company shall be completed on the later of:
(1) The formation of the limited liability company in accordance with this title; or
(2) The effectiveness of articles of conversion filed for record with the Department.
Conversion to another entity
(b) The conversion of a limited liability company to an other entity shall be completed on the effectiveness of articles of conversion filed for record with the Department.
Effective date
(c) Articles of conversion are effective on the later of:
(1) The time the Department accepts the articles of conversion for record; or
(2) The future effective time of the articles of conversion set forth in articles of conversion that have been accepted by the Department for record.
Effects
(d)(1)(i) Except as provided in subparagraph (ii) of this paragraph, at the time the conversion of an other entity to a limited liability company is completed:
1. The other entity shall be converted to a limited liability company;
2. The conversion shall have the effects set forth in § 4A-1104 of this subtitle; and
3. The limited liability company shall be subject to all of the provisions of this title.
(ii) Notwithstanding § 4A-202 of this title, the existence of the limited liability company as a domestic limited liability company shall be deemed to have commenced on the date the other entity commenced its existence in the place in which the other entity was first incorporated, created, formed, or otherwise came into being.
(2) At the time the conversion of a limited liability company to an other entity is completed, the conversion shall have the effects set forth in § 4A-1104 of this subtitle.

Credits

Added by Acts 2013, c. 527, § 2, eff. Oct. 1, 2013; Acts 2013, c. 528, § 2, eff. Oct. 1, 2013. Amended by Acts 2013, c. 43, § 5.
MD Code, Corporations and Associations, § 4A-1106, MD CORP & ASSNS § 4A-1106
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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