§ 4A-212. Limited liability company, conversion from proprietorship
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 4A-212
§ 4A-212. Limited liability company, conversion from proprietorship
(a) An individual conducting a business as a proprietorship may convert the proprietorship to a limited liability company by filing articles of organization that meet the requirements of § 4A-204 of this subtitle and include the following:
(b)(1) An individual who becomes a member of a limited liability company as a result of the conversion remains liable for any obligation or liability of the individual incurred or arising before the conversion takes effect, to the extent that the individual would have been obligated or liable if the conversion had not occurred.
Credits
Added by Acts 1997, c. 659, § 1, eff. Oct. 1, 1997.
MD Code, Corporations and Associations, § 4A-212, MD CORP & ASSNS § 4A-212
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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