Md. Code, Commercial Law § 23–105
Where this section sits in the code
- Article - Commercial Law
(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.
Collected 2026-09-14T19:56:33Z. Source file · JSON