Maryland Statutes
Subtitle 9 - Dissolution, Forfeiture, and Reinstatement
Section 4A-906 - Distribution of Assets

On 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.

Structure Maryland Statutes