§ 12–1002
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 12-1002 (2026)
Title 12. Statutory Trusts
Subtitle 10. Conversions of Statutory Trusts
§ 12–1002LinkCopy Citation
(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 a statutory trust shall be approved in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized.