§ 23-105
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/md/commercial-law/23-105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§23–105.
(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.