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2021 Maryland Statutes
Corporations and Associations
Title 12 - Statutory Trusts
Subtitle 10 - Conversions of Statutory Trusts
Section 12-1002 - Approval
Universal Citation: MD. Corporations and Associations Code Ann. § 12-1002 (2021)
(a) Except as provided in the governing instrument, a conversion of a statutory trust to an other entity shall be approved by a majority of the trustees and by the beneficial owners by the affirmative vote of two–thirds of all the votes entitled to be cast on the matter.
(b) A conversion of an other entity to a statutory trust shall be approved in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized.
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