(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, […]
(a) A conversion of a real estate investment trust to an other entity shall be approved in the manner provided by this section and in accordance with any additional requirements set forth in the real estate investment trust’s declaration of trust. (b) A conversion of a real estate investment trust need be approved only by a majority […]
(a) In this section, “facts ascertainable outside the articles of conversion” includes: (1) An action or a determination by any person, including: (i) The real estate investment trust or other entity, as applicable; (ii) The trustees, directors, partners, members, officers, or other agents of the real estate investment trust or other entity; and (iii) Any other person affiliated with the […]
(a) A conversion has the effects provided in this section. (b) (1) This subsection applies on the conversion of a real estate investment trust to an other entity. (2) The real estate investment trust shall cease to exist as a real estate investment trust and shall continue to exist as the other entity into which the real estate investment […]
(a) In a conversion of an other entity to a real estate investment trust, the stock, membership interests, partnership interests, beneficial interests, or other ownership interests of the other entity may be exchanged for or converted into any one or more of the following: (1) Shares of beneficial interest of the real estate investment trust or stock, […]
(a) The conversion of an other entity to a real estate investment trust shall be completed on the later of: (1) The formation of the real estate investment trust in accordance with this title; or (2) The effectiveness of articles of conversion filed for record with the Department. (b) The conversion of a real estate investment trust to an […]
(a) Unless the declaration of trust of the real estate investment trust or articles of conversion provide otherwise, the proposed conversion of a real estate investment trust to an other entity may be abandoned before the effective date of the articles of conversion by majority vote of the entire board of trustees of the real estate […]
