Section 406 - Information regarding affairs of limited liability company. - Maryland Statutes

§ 4A-406. Information regarding affairs of limited liability company.
 

(a)  In general.- A member may inspect and copy, in person or by agent, from time to time on reasonable written demand: 

(1) True and full information regarding the state of the business and financial condition of the limited liability company; 

(2) A copy of the certificate of organization and operating agreement and all amendments to the certificate and operating agreement; 

(3) A current list of the names and last known business, residence, or mailing addresses of all members; and 

(4) Other information regarding the affairs of the limited liability company as is just and reasonable for any purpose reasonably related to the member's interest as a member. 

(b)  Tax returns.- Any member may inspect and copy, in person or by agent, a copy of the limited liability company's federal, State, or local income tax returns. 

(c)  Inspection rights subject to reasonable standards.- The rights to inspect and copy records of a limited liability company may be subject to reasonable standards that may be set forth in the articles of organization or the operating agreement. 
 

[1992, ch. 536.]