Md. Code Ann., Corps. & Ass'ns § 8-601
Shareholder and trustee liability
Effective Apr 8, 1997Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1990, c. 546, § 3; Acts 1997, c. 14, § 20, eff. April 8, 1997.State of Maryland
- (a) The liability of a real estate investment trust extends to as much of the trust estate, including the whole, as necessary to discharge the liability.
- (b) A shareholder or trustee of a real estate investment trust shall have the immunity from liability described under § 5-419 of the Courts and Judicial Proceedings Article.
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1990, c. 546, § 3; Acts 1997, c. 14, § 20, eff. April 8, 1997.
Formerly Art. 78C, § 4.