# Corporations and Associations (GCA)

## Title 8. Real Estate Investment Trusts

### Subtitle 8. Penalties

#### Section 8-801

The trustees of a real estate investment trust which does business in the State without filing its declaration of trust with the Department as required by Sec. 8-202 of this title are each subject to a fine not exceeding $1,000, payable to the Department.

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