Md. Code, Corporations and Associations § 4A-906
Md. Code, Corporations and Associations § 4A-906
in effectOn the winding up and termination of a limited liability company, the assets shall be distributed as follows:
(1) To creditors, including members who are creditors, to the extent permitted by law, in satisfaction of the liabilities of the limited liability company; and
(2) Unless otherwise agreed, to the members in proportion to their respective capital contribution values, after the capital contribution values are adjusted by:
(i) Adding to the members’ capital contribution values their respective shares of the profits of the limited liability company; and
(ii) Deducting from the members’ capital contribution values their respective shares of the losses of the limited liability company and all distributions previously received by the members.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca§ion=4A-906&enactments=falseFetched: 10/16/2026