Section 403 - Consent by members. - Maryland Statutes

§ 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.]