Section 8-601 - Liabilities of trust, shareholders, and trustees. - Maryland Statutes

§ 8-601. Liabilities of trust, shareholders, and trustees.
 

(a)  Liability of trust.- The liability of a real estate investment trust extends to as much of the trust estate, including the whole, as necessary to discharge the liability. 

(b)  Liability of shareholder or trustee.- A shareholder or trustee of a real estate investment trust shall have the immunity from liability described under § 5-419 of the Courts and Judicial Proceedings Article. 
 

[An. Code 1957, art. 78C, § 4; 1975, ch. 311, § 2; 1990, ch. 546, § 3; 1997, ch. 14, § 20.]