1. (a) A real estate investment trust may file a certificate of notice for record with the Department.

2. (b) A certificate of notice may describe:

   1. (1) An action by the real estate investment trust, its board of trustees, or its shareholders;
   2. (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. (3) Any other information that the real estate investment trust determines should be disclosed.

3. (c) A certificate of notice may not:

   1. (1) Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or
   2. (2) Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed.
4. (d) A certificate of notice is not a part of the declaration of trust of a real estate investment trust.
5. (e) A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.
6. (f) 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.
7. (g) A certificate of notice shall be executed in the manner required for charter documents by § 1-301 of this article.

Added by Acts 2010, c. 79, § 1, eff. June 1, 2010; Acts 2010, c. 80, § 1, eff. June 1, 2010.