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<section article="gca" article_name="Corporations and Associations" number="12-205" title_number="12" title_name="Statutory Trusts" subtitle_number="2" subtitle_name="Formation and Powers">
  <level label="a">
    <level label="1">
      <text>Articles of merger or consolidation, a restated certificate of trust, a certificate of amendment, a certificate of cancellation, or an amendment of a certificate or articles shall be executed:</text>
      <level label="i">
        <text>In the manner required by § 1–301 of this article; or</text>
      </level>
      <level label="ii">
        <level label="1">
          <text>By a person duly authorized by one or more of the trustees; or</text>
        </level>
        <level label="2">
          <text>If there is no trustee, as provided in the governing instrument of the statutory trust.</text>
        </level>
      </level>
    </level>
    <level label="2">
      <text>If articles of merger or consolidation or a certificate of termination or amendment of articles of merger or consolidation is being filed by another business entity or a foreign business entity, the articles of merger or consolidation or the certificate of termination or amendment of articles of merger or consolidation shall be executed by a person authorized to execute the articles or certificate on behalf of the other business entity or foreign business entity.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>An executed copy of each certificate required by this subtitle shall be filed with the Department.</text>
    </level>
    <level label="2">
      <text>The Department may not accept for record any certificate that does not meet the requirements of this subtitle.</text>
    </level>
    <level label="3">
      <text>The Department may not accept for record or filing any certificate or other document until all required fees have been paid to the Department.</text>
    </level>
  </level>
  <level label="c">
    <text>When the Department accepts for record any certificate or any document designating or changing the name or address of a resident agent or principal office of a Maryland statutory trust, the Department shall promptly record the document.</text>
  </level>
  <level label="d">
    <text>The fact that a certificate of trust is on file in the office of the Department is notice:</text>
    <level label="1">
      <text>That the entity formed in connection with the filing of the certificate of trust is a statutory trust formed under the laws of the State;</text>
    </level>
    <level label="2">
      <text>Of all other facts which are required to be set forth in a certificate of trust by § 12–204 of this subtitle; and</text>
    </level>
    <level label="3">
      <text>Of the limitation on liability of a series of a statutory trust which is permitted to be set forth in a certificate of trust by § 12–501(d) of this title.</text>
    </level>
  </level>
</section>
