Ch. 657
1996 LAWS OF MARYLAND
from certain motor vehicle excise taxes certain transfers to and from limited liability
companies; altering a certain definition; clarifying language; providing for the
application of certain provisions of this Act; providing a certain exception to the
general rule that a limited liability company may consist of no less than two persons:
and generally relating to limited liability companies.
BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 4A-101(1), 4A-202(a), 4A-301, 4A-401(d), 4A-603, 4A-904, and 4A-905
and 4A-904
Annotated Code of Maryland
(1993 Replacement Volume and 1995 Supplement)
BY repealing
Article—Corporations and Associations
Section 4A-301.1
Annotated Code of Maryland
(1993 Replacement Volume and 1995 Supplement)
BY repealing and reenacting, with amendments,
Article—Tax—General
Section 10-819
Annotated Code of Maryland
(1988 Volume and 1995 Supplement)
BY repealing and reenacting, with amendments,
Article—Transportation
Section 13-810(c)
Annotated Code of Maryland
(1992 Replacement Volume and 1995 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article — Corporations and Associations
4A-101.
(1) "Limited liability company" or "domestic limited liability company" means a
permitted form of unincorporated business organization [having 2 or more members]
which is organized and existing under this title.
4A-202.
(a) [Two or more persons] ANY PERSON may form a limited liability company by
causing articles of organization to be executed and filed for record with the Department.
- 3728 -
|