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§ 12-901. Laws governing organization, internal affairs, and liability of trustees

West's Annotated Code of MarylandCorporations and AssociationsEffective: June 1, 2010

West's Annotated Code of Maryland
Corporations and Associations
Title 12. Statutory Trusts (Refs & Annos)
Subtitle 9. Foreign Statutory Trusts (Refs & Annos)
Effective: June 1, 2010
MD Code, Corporations and Associations, § 12-901
§ 12-901. Laws governing organization, internal affairs, and liability of trustees
Currentness
In general
(a) Subject to the Maryland Constitution:
(1) The laws of the jurisdiction under which a foreign statutory trust is formed govern its organization, internal affairs, and the liability of its trustees; and
(2) A foreign statutory trust may not be denied registration by reason of any difference between the laws under which the foreign statutory trust is formed and the laws of this State.
Doing business
(b) A foreign statutory trust may not do any kind of intrastate, interstate, or foreign business in this State which the laws of this State prohibit a domestic statutory trust from doing.

Credits

Added by Acts 2010, c. 611, § 1, eff. June 1, 2010.
MD Code, Corporations and Associations, § 12-901, MD CORP & ASSNS § 12-901
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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