There is a newer version
of
this Section
2017 Maryland Code
Corporations and Associations
Title 12 - Statutory Trusts
Subtitle 10 - Conversions of Statutory Trusts.
§ 12-1001. General rule.
Universal Citation: MD Corp & Assn Code § 12-1001 (2017)
- (a) "Other entity" defined. -- In this subtitle, "other entity" means:
- (1) A Maryland corporation incorporated under Title 2 of this article;
- (2) A foreign corporation, as defined in § 1-101 of this article;
- (3) A domestic limited liability company, as defined in § 4A-101 of this article;
- (4) A foreign limited liability company, as defined in § 4A-101 of this article;
- (5) A partnership, as defined in § 9A-101(i) of this article;
- (6) A limited partnership, as defined in § 10-101 of this article, including a limited partnership registered as a limited liability limited partnership under § 10-805 of this article;
- (7) A foreign limited partnership as defined in § 10-101 of this article;
- (8) A business trust, as defined in § 1-101 of this article, excluding a statutory trust; or
- (9) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession, or district of the United States, or a foreign country.
- (b) Requirements -- Statutory trust to other entity. -- Except as provided in its governing instrument, a statutory trust may convert to an other entity by:
- (1) Approving the conversion in accordance with § 12-1002 of this subtitle; and
- (2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article.
- (c) Requirements -- Other entity to statutory trust. -- An other entity may convert to a statutory trust by complying with § 12-1002 of this subtitle and filing for record with the Department:
- (1) Articles of conversion executed in the manner required by Title 1 of this article; and
- (2) A certificate of trust, which shall include the name of the converting other entity, executed in the manner required by § 12-204 of this title and otherwise complying with this title.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
