(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.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.