Md. Code, Corporations and Associations § 8-503
This is the official text of Md. Code, Corporations and Associations § 8-503, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§8–503.
Official statutory text
(a) A real estate investment trust may file a certificate of notice for record with the Department.
(b) A certificate of notice may describe:
(1) An action by the real estate investment trust, its board of trustees, or its shareholders;
(2) The occurrence of or change to facts ascertainable outside of the declaration of trust, as defined in § 8–203(c) of this title; or
(3) Any other information that the real estate investment trust determines should be disclosed.
(c) A certificate of notice may not:
(1) Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or
(2) Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed.
(d) A certificate of notice is not a part of the declaration of trust of a real estate investment trust.
(e) A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.
(f) A real estate investment trust is not required to file a certificate of notice for any purpose, including to indicate that there has been a change to the facts or information contained in a previously filed certificate of notice.
(g) A certificate of notice shall be executed in the manner required for charter documents by § 1–301 of this article.
(b) A certificate of notice may describe:
(1) An action by the real estate investment trust, its board of trustees, or its shareholders;
(2) The occurrence of or change to facts ascertainable outside of the declaration of trust, as defined in § 8–203(c) of this title; or
(3) Any other information that the real estate investment trust determines should be disclosed.
(c) A certificate of notice may not:
(1) Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or
(2) Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed.
(d) A certificate of notice is not a part of the declaration of trust of a real estate investment trust.
(e) A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.
(f) A real estate investment trust is not required to file a certificate of notice for any purpose, including to indicate that there has been a change to the facts or information contained in a previously filed certificate of notice.
(g) A certificate of notice shall be executed in the manner required for charter documents by § 1–301 of this article.
Status: in_force · Read it on the official government site
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