Section 12-906 – Doing Business Without Registration
(a) If a foreign statutory trust is doing or has done any intrastate, interstate, or foreign business in this State without complying with the requirements of this subtitle, the foreign statutory trust and any person claiming under it may not maintain suit in any court in this State, unless the statutory trust shows to the satisfaction […]
Section 12-907 – Action by Attorney General
The Attorney General may bring an action to restrain a foreign statutory trust from doing business in this State in violation of this subtitle.
Section 12-908 – Doing Business
(a) In addition to any other activities which may not constitute doing business in this State, for the purposes of this subtitle, the following activities of a foreign statutory trust do not constitute doing business in this State: (1) Maintaining, defending, or settling an action, a suit, a claim, a dispute, or an administrative or arbitration proceeding; […]
Section 12-909 – Assent to State Laws
By doing intrastate, interstate, or foreign business in this State, a foreign statutory trust assents to the laws of this State.
Section 12-910 – Compliance With Subtitle Is Not Consent to Suit
With respect to a cause of action as to which a foreign statutory trust would not otherwise be subject to suit in this State, compliance with this subtitle: (1) Does not of itself render a foreign statutory trust subject to suit in this State; and (2) Is not considered as consent by it to be sued in […]
Section 12-911 – Law Governing Merger
(a) If a foreign statutory trust that owns property rights, privileges, franchises, or other assets located in this State is a party to a merger in which a foreign business entity is the successor, the transfer to, vesting in, or devolution on the successor of the property rights, privileges, franchises, or other assets of the nonsurviving […]
Section 12-912 – Forfeiture of Right to Do Business
(a) The Department may forfeit the right of a foreign statutory trust to do business in the State if the foreign statutory trust fails to file with the Department any report or fails to pay any late filing penalty required by law: (1) Within the time required by law; and (2) Thereafter, within 30 days after the Department […]
Section 12-1001 – General Rule
(a) In this subtitle, “other entity” means: (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, […]
Section 12-1002 – Approval
(a) Except as provided in the governing instrument, a conversion of a statutory trust to an other entity shall be approved by a majority of the trustees and by the beneficial owners by the affirmative vote of two–thirds of all the votes entitled to be cast on the matter. (b) A conversion of an other entity to […]
Section 12-1003 – Articles of Conversion
(a) In this section, “facts ascertainable outside the articles of conversion” includes: (1) An action or determination by any person, including: (i) The statutory trust or other entity, as applicable; (ii) The trustees, directors, partners, members, officers, or other agents of the statutory trust or other entity; and (iii) Any other person affiliated with the statutory trust or other entity; […]