Maryland Statutes
§ 23-105
Maryland § 23-105
This text of Maryland § 23-105 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 23-105 (2026).
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.
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Bluebook (online)
Maryland § 23-105, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/23-105.