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§ 4A-605. Procedure for withdrawal

West's Annotated Code of MarylandCorporations and AssociationsEffective: April 9, 2013

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 6. Membership
Effective: April 9, 2013
MD Code, Corporations and Associations, § 4A-605
§ 4A-605. Procedure for withdrawal
Notice
(a) Unless otherwise agreed, a member may withdraw from a limited liability company prior to the dissolution and winding up of the limited liability company by giving not less than 6 months' prior written notice to the other members at their respective addresses as shown on the books and records of the limited liability company.
Limitations
(b) The operating agreement may provide that a member may not withdraw or otherwise place limits on the ability of a member to withdraw.

Credits

Added by Acts 1992, c. 536. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012; Acts 2013, c. 42, § 1, eff. April 9, 2013.
MD Code, Corporations and Associations, § 4A-605, MD CORP & ASSNS § 4A-605
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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