Maryland Code, CORPORATIONS AND ASSOCIATIONS 9A-1001
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 9A-1001
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) The name of the limited liability partnership;
(2) The purpose for which the limited liability partnership exists; and
(3) The address of its principal office in this State and the name and address of its resident agent.
(b) A partnership qualifies as a limited liability partnership at the time of the filing of the certificate with the Department or at any later time specified in the certificate.
(c) An amendment to the certificate of limited liability partnership shall be:
(1) In writing; and
(2) Filed for record with the Department.
(d) A certificate or amendment shall be executed by a person authorized by the limited liability partnership to execute such certificate and amendment.
(e) Registration of a partnership as a limited liability partnership may be voluntarily withdrawn at any time by filing with the Department a written withdrawal notice executed by one or more partners authorized by the limited liability partnership to execute the withdrawal.
(f) The status of a partnership as a limited liability partnership shall not be affected by the admission of one or more partners to the partnership or by the death, retirement, or withdrawal of any partner or any other event causing any partner to be dissociated from the partnership.