Notwithstanding any other provision of the Maryland REIT Law,¹ a real estate investment trust may issue shares of beneficial interest without consideration for the purpose of qualifying the real estate investment trust as a real estate investment trust under the Internal Revenue Code.

Added by Acts 2000, c. 642, § 1, eff. June 1, 2000. Amended by Acts 2005, c. 586, § 1, eff. June 1, 2005.

Corporations and Associations § 8-101 et seq.