# Corporations and Associations (GCA)

## Title 8. Real Estate Investment Trusts

### Subtitle 7. Conversions of Real Estate Investment Trusts

#### Section 8-701

(a) In this subtitle, "other entity" means:

  (1) A Maryland corporation incorporated under Title 2 of this article;

  (2) A foreign corporation, as defined in Sec. 1-101 of this article;

  (3) A domestic limited liability company, as defined in Sec. 4A-101 of this article;

  (4) A foreign limited liability company, as defined in Sec. 4A-101 of this article;

  (5) A partnership, as defined in Sec. 9A-101 of this article;

  (6) A limited partnership, as defined in Sec. 10-101 of this article, including a limited partnership registered as a limited liability limited partnership under Sec. 10-805 of this article;

  (7) A foreign limited partnership, as defined in Sec. 10-101 of this article;

  (8) A business trust, as defined in Sec. 1-101 of this article, excluding a real estate investment trust; or

  (9) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession or district of the United States, or a foreign country.

(b) Unless the declaration of trust provides otherwise, a real estate investment trust may convert to an other entity by:

  (1) Approving the conversion in accordance with Sec. 8-702 of this subtitle; and

  (2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article.

(c) An other entity may convert to a real estate investment trust by complying with Sec.?8-702 of this subtitle and filing for record with the Department:

  (1) Articles of conversion executed in the manner required by Title 1 of this article; and

  (2) A declaration of trust, which shall include the name of the converting other entity, executed in the manner required by Sec. 8-202 of this title and otherwise complying with this title.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)