Unannotated Code of Maryland (Last Updated: May 16, 2014) |
CORPORATIONS AND ASSOCIATIONS |
TITLE 4A. LIMITED LIABILITY COMPANY ACT |
SUBTITLE 3. RELATIONS OF LIMITED LIABILITY COMPANY AND MEMBERS TO THIRD PERSONS |
§ 4A-301. Liability to third persons
Latest version.
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Except as otherwise provided by this title, no member shall be personally liable for the obligations of the limited liability company, whether arising in contract, tort or otherwise, solely by reason of being a member of the limited liability company.