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Maryland Code, Corporations and Associations § 8-503

Current as of December 31, 2021 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 8-503 - last updated December 31, 2021 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-8-503/

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