Md. Code, Commercial Law § 23-105

§23–105.

Year: 2026Length: 64 wordsSubsections: 2Official source
(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.
Md. Code, Commercial Law § 23-105: §23–105. | Justis AI