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<section article="gca" article_name="Corporations and Associations" number="12-911" title_number="12" title_name="Statutory Trusts" subtitle_number="9" subtitle_name="Foreign Statutory Trusts">
  <level label="a">
    <text>If a foreign statutory trust that owns property rights, privileges, franchises, or other assets located in this State is a party to a merger in which a foreign business entity is the successor, the transfer to, vesting in, or devolution on the successor of the property rights, privileges, franchises, or other assets of the nonsurviving foreign statutory trust is effective as provided by the laws of the jurisdiction that governs the merger.</text>
  </level>
  <level label="b">
    <text>The successor described in subsection (a) of this section shall file with the Department a certificate executed by an authorized person that specifies:</text>
    <level label="1">
      <text>Each county in this State where a foreign statutory trust party to the merger, except the successor, owned an interest in land;</text>
    </level>
    <level label="2">
      <text>The name of each party to the merger;</text>
    </level>
    <level label="3">
      <text>The jurisdiction under the laws of which each party was formed; and</text>
    </level>
    <level label="4">
      <text>The name of the successor.</text>
    </level>
  </level>
  <level label="c">
    <text>If a copy of the document effecting the merger has not been filed with the Department as provided in § 12–205 of this title, the successor shall file with the Department an officially certified copy of that document.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>Except as provided in paragraph (2) of this subsection, when the Department receives the articles and any certificate of the successor, the Department shall prepare and file certificates of merger in the manner provided for a statutory trust.</text>
    </level>
    <level label="2">
      <text>The certificate of merger:</text>
      <level label="i">
        <text>Need not state the principal office in the State of a foreign statutory trust that does not have a principal office; and</text>
      </level>
      <level label="ii">
        <text>Shall include other information specified in the certificate filed by the successor.</text>
      </level>
    </level>
  </level>
</section>
