§ 12–307
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 12-307 (2026)
Title 12. Statutory Trusts
Subtitle 3. Beneficial Owners
§ 12–307LinkCopy Citation
(a)
Notwithstanding § 3–709 of this article, the provisions of Title 3, Subtitle 7 of this article apply to a statutory trust formed on or after October 1, 2023, that is a closed–end investment company as defined in the Investment Company Act of 1940.
(b)
Notwithstanding § 3–709 of this article, the governing instrument of a statutory trust formed before October 1, 2023, that is a closed–end investment company as defined in the Investment Company Act of 1940 may provide that Title 3, Subtitle 7 of this article applies to the statutory trust.