Maryland Code, CORPORATIONS AND ASSOCIATIONS 8-101
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 8-101
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(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.
(e) “Shareholder” means a person who is a record holder of shares.