Current with changes from the 2024 Legislative Session
Section 4A-1102 - Approval and objection(a) Unless otherwise agreed, a limited liability company shall approve the conversion of the limited liability company to an other entity by the vote required under § 4A-403(d)(1) of this title.(b) An other entity seeking to convert to a limited liability company shall approve the conversion of the other entity to a limited liability company in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized.(c)(1) A member of a limited liability company objecting to a conversion of the limited liability company has the same rights with respect to the member's interest in the limited liability company as a stockholder of a Maryland corporation who objects has with respect to the stockholder's stock under Title 3, Subtitle 2 of this article.(2) The procedures under Title 3, Subtitle 2 of this article shall be applicable to the extent practicable.Added by 2013 Md. Laws, Ch. 528,Sec. 2, eff. 10/1/2013.Added by 2013 Md. Laws, Ch. 527,Sec. 2, eff. 10/1/2013.