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§ 8-601. Shareholder and trustee liability

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 8. Real Estate Investment Trusts (Refs & Annos)
Subtitle 6. Liabilities Service of Process, and Miscellaneous Provisions
MD Code, Corporations and Associations, § 8-601
§ 8-601. Shareholder and trustee liability
Currentness
Extension of liability
(a) The liability of a real estate investment trust extends to as much of the trust estate, including the whole, as necessary to discharge the liability.
Immunity
(b) A shareholder or trustee of a real estate investment trust shall have the immunity from liability described under § 5-419 of the Courts and Judicial Proceedings Article.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1990, c. 546, § 3; Acts 1997, c. 14, § 20, eff. April 8, 1997.
Formerly Art. 78C, § 4.
MD Code, Corporations and Associations, § 8-601, MD CORP & ASSNS § 8-601
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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