Ch. 654                                    1997 LAWS OF MARYLAND

SUBTITLE 10. LIMITED LIABILITY PARTNERSHIPS.
9-1001. REGISTRATION; CERTIFICATES.

(A)    A PARTNERSHIP FORMED IN ACCORDANCE WITH AN AGREEMENT
GOVERNED BY THE LAWS OF THIS STATE MAY REGISTER AS A LIMITED LIABILITY
PARTNERSHIP BY FILING WITH THE DEPARTMENT A CERTIFICATE OF LIMITED
LIABILITY PARTNERSHIP WHICH SETS FORTH:

(1)     THE NAME OF THE LIMITED LIABILITY PARTNERSHIP;

(2)     THE PURPOSE FOR WHICH THE LIMITED LIABILITY PARTNERSHIP
EXISTS; AND

(3)     THE ADDRESS OF ITS PRINCIPAL OFFICE IN THIS STATE AND THE
NAME AND ADDRESS OF ITS RESIDENT AGENT.

(B)     A PARTNERSHIP QUALIFIES AS A LIMITED LIABILITY PARTNERSHIP AT
THE TIME OF THE FILING OF THE CERTIFICATE WITH THE DEPARTMENT OR AT ANY
LATER TIME SPECIFIED IN THE CERTIFICATE.

(C)     AN AMENDMENT TO THE CERTIFICATE OF LIMITED LIABILITY
PARTNERSHIP SHALL BE:                                                                           

(1)     IN WRITING; AND                                                             

(2)     FILED FOR RECORD WITH THE DEPARTMENT.

(D)    A CERTIFICATE OR AMENDMENT SHALL BE EXECUTED BY A PERSON
AUTHORIZED BY THE LIMITED LIABILITY PARTNERSHIP TO EXECUTE SUCH
CERTIFICATE AND AMENDMENT.

(E)     REGISTRATION OF A PARTNERSHIP AS A LIMITED LIABILITY
PARTNERSHIP MAY BE VOLUNTARILY WITHDRAWN AT ANY TIME BY FILING WITH
THE DEPARTMENT A WRITTEN WITHDRAWAL NOTICE EXECUTED BY ONE OR MORE
PARTNERS AUTHORIZED BY THE LIMITED LIABILITY PARTNERSHIP TO EXECUTE
THE WITHDRAWAL.

(F)     THE STATUS OF A PARTNERSHIP AS A LIMITED LIABILITY PARTNERSHIP
SHALL NOT BE AFFECTED BY THE ADMISSION OF ONE OR MORE PARTNERS TO THE
PARTNERSHIP OR BY THE DEATH, RETIREMENT, OR WITHDRAWAL OF ANY
PARTNER OR ANY OTHER EVENT CAUSING ANY PARTNER TO BE DISSOCIATED
FROM THE PARTNERSHIP.

9-1002. RECORDATION OF FILINGS WITH DEPARTMENT.

(A)    THE DEPARTMENT MAY NOT ACCEPT FOR RECORD OR FILING ANY
DOCUMENT OF A LIMITED LIABILITY PARTNERSHIP THAT DOES NOT CONFORM
WITH LAW.

(B)     ANY DOCUMENT WHICH PURPORTS TO BE ACKNOWLEDGED MAY BE
TREATED BY THE DEPARTMENT AS PROPERLY ACKNOWLEDGED.

- 3724 -