State Codes and Statutes
Statutes > Maryland > Corporations-and-associations > Title-4a > Subtitle-4 > 403§ 4A-403. Consent by members.
Unless otherwise provided in this title or in the operating agreement:
(1) Members shall vote in proportion to their respective interests in profits of the limited liability company; and
(2) Decisions concerning the affairs of the limited liability company shall require the consent of members holding at least a majority of the interests in profits of the limited liability company.
[1992, ch. 536.]
