§ 8-101. Definitions
West's Annotated Code of MarylandCorporations and AssociationsEffective: April 13, 2021
Effective: April 13, 2021
MD Code, Corporations and Associations, § 8-101
§ 8-101. Definitions
(b) “Declaration of trust” means the declaration of trust filed with the Department for the purpose of forming a real estate investment trust, as specified in § 8-202 of this title, either as originally accepted for record or as amended, corrected, or supplemented by articles of amendment, articles of amendment and restatement, articles supplementary, articles of merger, or a certificate of correction.
(c) “Real estate investment trust” means an unincorporated business trust or association formed under this title in which property is acquired, held, managed, administered, controlled, invested, or disposed of for the benefit and profit of any person who may become a shareholder.
(d) “Share” means a transferable unit of beneficial interest in a real estate investment trust.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1994, c. 596, § 1, eff. Oct. 1, 1994; Acts 2008, c. 418, § 1, eff. June 1, 2008; Acts 2008, c. 419, § 1, eff. June 1, 2008; Acts 2010, c. 79, § 1, eff. June 1, 2010; Acts 2010, c. 80, § 1, eff. June 1, 2010; Acts 2020, c. 292, § 1, eff. Oct. 1, 2020; Acts 2020, c. 293, § 1, eff. Oct. 1, 2020; Acts 2021, c. 109, § 1, eff. April 13, 2021.
Formerly Art. 78C, § 2.
MD Code, Corporations and Associations, § 8-101, MD CORP & ASSNS § 8-101
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.
| End of Document |