(a) Subject to the Maryland Constitution: (1) The laws of the jurisdiction under which a foreign statutory trust is formed govern its organization, internal affairs, and the liability of its trustees; and (2) A foreign statutory trust may not be denied registration by reason of any difference between the laws under which the foreign statutory trust is formed […]
(a) Before doing any interstate, intrastate, or foreign business in this State, a foreign statutory trust shall register with the Department. (b) To register, a foreign statutory trust shall submit to the Department an application for registration as a foreign statutory trust executed by an authorized person and setting forth: (1) The name of the foreign statutory trust […]
A foreign statutory trust may register with the Department under any name, whether or not it is the name under which it is registered in its jurisdiction of formation, as provided under Title 1, Subtitle 5 of this article.
If any statement in the application for registration of a foreign statutory trust is false when made or any arrangements or other facts described have changed making the application inaccurate in any respect, a foreign statutory trust shall promptly file with the Department a certificate, executed by an authorized person, correcting the statement.
(a) A foreign statutory trust may cancel its registration by filing with the Department a certificate of cancellation executed by an authorized person. (b) The filing of a certificate of cancellation does not terminate the authority of the Department to accept service of process on the foreign statutory trust with respect to causes of action arising out […]
(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 […]
The Attorney General may bring an action to restrain a foreign statutory trust from doing business in this State in violation of this subtitle.
(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; […]
By doing intrastate, interstate, or foreign business in this State, a foreign statutory trust assents to the laws of this State.
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 […]
(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 […]
(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 […]
