Md. Code, Com. Law § 23-105

Maryland · Maryland Code, Commercial Law · Status: effective

Cite this

Citation: Md. Code, Com. Law § 23-105, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1758828
Permanent ID: ys:prov:1758828@1
SHA-256: be1e9f5d19085fb7786ffb2fc556b63e38d0b6959f7f90cd7451964402cba8cd

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The covenant of good faith and fair dealing shall be implied in an operating agreement unless the operating agreement states that a party may perform a duty or obligation in the party’s sole discretion. (b) Unless an operating agreement contains a covenant or other provision that specifically incorporates a duty into the operating agreement, no duties shall be implied under the operating agreement.