Section 8-503 - Certificate of notice.
§ 8-503. Certificate of notice.
(a) In general.- A real estate investment trust may file a certificate of notice for record with the Department.
(b) Contents.- A certificate of notice may describe:
(1) An action by the real estate investment trust, its board of trustees, or its shareholders;
(2) The occurrence of or change to facts ascertainable outside of the declaration of trust, as defined in § 8-203(c) of this title; or
(3) Any other information that the real estate investment trust determines should be disclosed.
(c) Limitations on use.- A certificate of notice may not:
(1) Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or
(2) Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed.
(d) Not part of declaration of trust.- A certificate of notice is not a part of the declaration of trust of a real estate investment trust.
(e) Trustee not required to authorize or direct filing.- A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.
(f) Trust not required to file.- A real estate investment trust is not required to file a certificate of notice for any purpose, including to indicate that there has been a change to the facts or information contained in a previously filed certificate of notice.
(g) Execution.- A certificate of notice shall be executed in the manner required for charter documents by § 1-301 of this article.
[2010, chs. 79, 80.]