WILLIAM DONALD SCHAEFER, Governor

H.B. 429

Sincerely,

William Donald Schaefer

Governor

House Bill No. 429

AN ACT concerning

Limited Liability Companies

FOR the purpose of providing for the formation, organization, and operation of limited
liability companies engaging in professional services; providing that a member,
manager, employee, or agent of a limited liability company is not personally liable
for a liability of the limited liability company or for an act or omission of certain
other persons; providing that the Maryland Limited Liability Company Act governs
under certain circumstances concerning a conflict between laws of the State and
another state; providing for the interstate practice by domestic limited liability
companies; specifying the liability of certain employees and members of limited
liability companies for certain acts and omissions; providing that a limited liability
company is liable to the same extent as its employees under certain circumstances;
defining a certain term; and generally relating to the formation, organization, and
operation of limited liability companies.

BY renumbering

Article - Corporations and Associations

Section 4A-101(p) and 4A-203(9) through (15), respectively

to be Section 4A-101(q) and 4A-203(10) through (16), respectively

Annotated Code of Maryland

(1985 Replacement Volume and 1992 Supplement)

(1993 Replacement Volume)

BY adding to

Article - Corporations and Associations

Section 4A-101(p), 4A-203(9), 4A-203.1, 4A-203.2, and 4A-301.1, 4A-302.1, and
4A-1101.1

Annotated Code of Maryland

(1985 Replacement Volume and 1992 Supplement)

(1993 Replacement Volume)

BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 4A-201, 4A-301, and 4A-1101
Annotated Code of Maryland
(1985 Replacement Volume and 1992 Supplement)
(1993 Replacement Volume)

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