PARRIS N. GLENDENING, Governor

Ch. 659

[(9)] (10) Render professional services within or without this State;

[(10)](11) Elect or appoint agents and define their duties and fix their
compensation;

[(11)] (12) Sell, convey, mortgage, pledge, lease, exchange, transfer, and
otherwise dispose of all or any part of its property and assets;

[(12)] (13) Be a promoter, stockholder, partner, member, associate, or agent
of any corporation, partnership, limited liability company, foreign limited liability
company, joint venture, trust, or other enterprise;

[(13)](14) Indemnify and hold harmless any member, agent, or employee
from and against any and all claims and demands, except in the case of action or failure
to act by the member, agent, or employee which constitutes willful misconduct or
recklessness, and subject to the standards and restrictions, if any, set forth in the articles
of organization or operating agreement;

[(14)](15) Make and alter operating agreements, not inconsistent with its
articles of organization or with the laws of the State, for the administration and regulation
of the affairs of the limited liability company;

[(15)] (16) Cease its activities and dissolve; and

[(16)] (17) Do every other act not inconsistent with law which is appropriate
to promote and attain the purposes set forth in its articles of organization.

4A-204.

(a) The articles of organization shall set forth:

(1)     The name of the limited liability company;

(2)     [The latest date on which the limited liability company is to dissolve;

(3)] The purpose for which the limited liability company is formed;

[(4)] (3) The address of its principal office in this State and the name and
address of its resident agent; and

[(5)] (4) Any other provision, not inconsistent with law, which the members
elect to set out in the articles, including, but not limited to, a statement that the authority
of members to act for the limited liability company solely by virtue of their being members
is limited.

4A-211.

(A) A GENERAL PARTNERSHIP FORMED UNDER THE PROVISIONS OF TITLE 9
OF THIS ARTICLE OR A LIMITED PARTNERSHIP FORMED UNDER THE PROVISIONS OF
TITLE 10 OF THIS ARTICLE MAY CONVERT TO A LIMITED LIABILITY COMPANY BY
FILING ARTICLES OF ORGANIZATION THAT MEET THE REQUIREMENTS OF § 4A-204
OF THIS SUBTITLE AND INCLUDE THE FOLLOWING

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