Section 8-503 - Certificate of notice. - Maryland Statutes

§ 8-503. Certificate of notice.
 

(a)  In general.- A real estate investment trust may file a certificate of notice for record with the Department. 

(b)  Contents.- A certificate of notice may describe: 

(1) An action by the real estate investment trust, its board of trustees, or its shareholders; 

(2) The occurrence of or change to facts ascertainable outside of the declaration of trust, as defined in § 8-203(c) of this title; or 

(3) Any other information that the real estate investment trust determines should be disclosed. 

(c)  Limitations on use.- A certificate of notice may not: 

(1) Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or 

(2) Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed. 

(d)  Not part of declaration of trust.- A certificate of notice is not a part of the declaration of trust of a real estate investment trust. 

(e)  Trustee not required to authorize or direct filing.- A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice. 

(f)  Trust not required to file.- A real estate investment trust is not required to file a certificate of notice for any purpose, including to indicate that there has been a change to the facts or information contained in a previously filed certificate of notice. 

(g)  Execution.- A certificate of notice shall be executed in the manner required for charter documents by § 1-301 of this article. 
 

[2010, chs. 79, 80.]