Maryland Code, CORPORATIONS AND ASSOCIATIONS 8-701
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 8-701
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- including: means includes or including by way of illustration and not by way of limitation. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) A Maryland corporation incorporated under Title 2 of this article;
(2) A foreign corporation, as defined in § 1-101 of this article;
(3) A domestic limited liability company, as defined in § 4A-101 of this article;
(4) A foreign limited liability company, as defined in § 4A-101 of this article;
(5) A partnership, as defined in § 9A-101 of this article;
(6) A limited partnership, as defined in § 10-101 of this article, including a limited partnership registered as a limited liability limited partnership under § 10-805 of this article;
(7) A foreign limited partnership, as defined in § 10-101 of this article;
(8) A business trust, as defined in § 1-101 of this article, excluding a real estate investment trust; or
(9) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession or district of the United States, or a foreign country.
(b) Unless the declaration of trust provides otherwise, a real estate investment trust may convert to an other entity by:
(1) Approving the conversion in accordance with § 8-702 of this subtitle; and
(2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article.
(c) An other entity may convert to a real estate investment trust by complying with §?8-702 of this subtitle and filing for record with the Department:
(1) Articles of conversion executed in the manner required by Title 1 of this article; and
(2) A declaration of trust, which shall include the name of the converting other entity, executed in the manner required by § 8-202 of this title and otherwise complying with this title.