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2017 Maryland Code
Corporations and Associations
Title 8 - Real Estate Investment Trusts
Subtitle 7 - Conversions of Real Estate Investment Trusts.
§ 8-701. General rule.
Universal Citation: MD Corp & Assn Code § 8-701 (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 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 real estate investment 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) Real estate investment trust to other entity. -- Unless the declaration of trust provides otherwise, a real estate investment trust may convert to an other entity by:
- (1) Approving the conversion in accordance with § 8-702 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) Other entity to real estate investment trust. -- An other entity may convert to a real estate investment trust by complying with § 8-702 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 declaration of trust, which shall include the name of the converting other entity, executed in the manner required by § 8-202 of this title and otherwise complying with this title.
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