Unannotated Code of Maryland (Last Updated: May 16, 2014) |
COMMERCIAL LAW |
TITLE 23. OPERATING AGREEMENTS -- HOTELS AND RETIREMENT COMMUNITIES |
§ 23-104. Enforceability
Latest version.
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If an operating agreement states that it shall continue for a period of time or until the happening of an event, the operating agreement shall be enforceable between the parties until the expiration of the period of time or the happening of the event unless the operating agreement contains a right of early termination.