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§ 4A-908. Effective date of termination

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 9. Dissolution, Forfeiture, and Reinstatement
MD Code, Corporations and Associations, § 4A-908
§ 4A-908. Effective date of termination
Currentness
Effective date
(a) The limited liability company is terminated on the later of:
(1) The date on which the Department accepts for record the articles of cancellation filed pursuant to § 4A-909 of this subtitle; or
(2) The effective date of the articles of cancellation.
Continued existence
(b) Notwithstanding the filing of articles of cancellation, the limited liability company continues to exist for the purpose of paying, satisfying, and discharging any existing debts or obligations, collecting and distributing its assets, and doing all other acts required to liquidate and wind up its business and affairs.

Credits

Added by Acts 1992, c. 536. Amended by Acts 1993, c. 5, § 1; Acts 1997, c. 659, § 1, eff. Oct. 1, 1997. Renumbered from Corporations and Associations § 4A-910 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997.
MD Code, Corporations and Associations, § 4A-908, MD CORP & ASSNS § 4A-908
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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