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§ 8-503. Certificates of notice

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

West's Annotated Code of Maryland
Corporations and Associations
Title 8. Real Estate Investment Trusts (Refs & Annos)
Subtitle 5. Amendments and Termination of Existence
Effective: June 1, 2010
MD Code, Corporations and Associations, § 8-503
§ 8-503. Certificates of notice
Currentness
Filing of certificate
(a) A real estate investment trust may file a certificate of notice for record with the Department.
Descriptions in certificate
(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.
Certificate prohibitions
(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.
Declaration of trust
(d) A certificate of notice is not a part of the declaration of trust of a real estate investment trust.
Trustee
(e) A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.
Change in previous certificate
(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.
Execution of certificate
(g) A certificate of notice shall be executed in the manner required for charter documents by § 1-301 of this article.

Credits

Added by Acts 2010, c. 79, § 1, eff. June 1, 2010; Acts 2010, c. 80, § 1, eff. June 1, 2010.
MD Code, Corporations and Associations, § 8-503, MD CORP & ASSNS § 8-503
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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