WILLIAM DONALD SCHAEFER, Governor                          H.B. 429

4A-1101.1.

IT IS THE INTENT OF THE GENERAL ASSEMBLY THAT THE LEGAL EXISTENCE
OF A DOMESTIC LIMITED LIABILITY COMPANY BE RECOGNIZED OUTSIDE THE
BOUNDARIES OF THE STATE AND THAT, SUBJECT TO ANY REASONABLE
REQUIREMENT OF REGISTRATION, A DOMESTIC LIMITED LIABILITY COMPANY
TRANSACTING BUSINESS OUTSIDE THE STATE BE GRANTED THE PROTECTION OF
FULL FAITH AND CREDIT UNDER THE UNITED STATES CONSTITUTION.

(A)     (1) AN INDIVIDUAL WHO RENDERS A PROFESSIONAL SERVICE IN THIS
STATE AS AN EMPLOYEE OF A DOMESTIC OR FOREIGN LIMITED LIABILITY
COMPANY IS LIABLE FOR A NEGLIGENT OR WRONGFUL ACT OR OMISSION IN WHICH
THE INDIVIDUAL PERSONALLY PARTICIPATED TO THE SAME EXTENT AS IF THE
INDIVIDUAL RENDERED THE SERVICE AS A SOLE PRACTITIONER.

(2) AN INDIVIDUAL WHO RENDERS A PROFESSIONAL SERVICE IN THIS
STATE AS AN EMPLOYEE OF A DOMESTIC OR FOREIGN LIMITED LIABILITY
COMPANY IS NOT LIABLE FOR A NEGLIGENT OR WRONGFUL ACT OR OMISSION OF
ANOTHER EMPLOYEE OR MEMBER OF THE LIMITED LIABILITY COMPANY UNLESS
THE EMPLOYEE IS NEGLIGENT IN APPOINTING, SUPERVISING, OR COOPERATING
WITH THE OTHER EMPLOYEE OR MEMBER.

(B)     A DOMESTIC OR FOREIGN LIMITED LIABILITY COMPANY WHOSE
EMPLOYEES PERFORM PROFESSIONAL SERVICES WITHIN THE SCOPE OF THEIR
EMPLOYMENT OR WITHIN THE SCOPE OF THE EMPLOYEES' APPARENT AUTHORITY
TO ACT FOR THE LIMITED LIABILITY COMPANY IS LIABLE TO THE SAME EXTENT AS
ITS EMPLOYEES.

(C) THE PERSONAL LIABILITY OF A MEMBER OF A DOMESTIC OR FOREIGN
LIMITED LIABILITY COMPANY THAT PROVIDES PROFESSIONAL SERVICES IS NO
GREATER IN ANY RESPECT THAN THE LIABILITY OF A MEMBER OF A LIMITED
LIABILITY COMPANY WHICH IS NOT ENGAGED IN RENDERING PROFESSIONAL

SERVICES.

Article - Business Occupations and Professions

2-401.

(a)      Subject to the provisions of this subtitle, an individual may practice certified
public accountancy through a partnership, LIMITED LIABILITY COMPANY, or
corporation that holds a permit under this subtitle.

(b)     A partnership, LIMITED LIABILITY COMPANY, or corporation shall hold a
permit issued by the Board before the partnership, LIMITED LIABILITY COMPANY, or
corporation may operate a business through which certified public accountancy is
practiced.

2-402.1.

(A) TO QUALIFY FOR A PERMIT, A LIMITED LIABILITY COMPANY SHALL MEET
THE REQUIREMENTS OF THIS SECTION.

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