Current with changes from the 2024 Legislative Session
Section 3-106 - Application on behalf of limited liability company(a)(1) A license for the use of a limited liability company shall be applied for and issued to, as individuals: (i) all of the authorized individuals, if the limited liability company has fewer than three authorized individuals; or(ii) three authorized individuals, if the limited liability company has three or more authorized individuals.(2) At least one of the authorized individuals shall:(i) be a resident of the State at the time the application is filed; and(ii) remain a resident of the State for the duration of time the license is in effect.(b) An application for a limited liability company license shall include:(1) the name, address, and signature of each authorized individual to whom the license shall be issued; and(2) the name and address of the limited liability company.Amended by 2020 Md. Laws, Ch. 462, Sec. 1, eff. 7/1/2020.Added by 2016 Md. Laws, Ch. 41, Sec. 2, eff. 7/1/2016.