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 § 8-202 of this title are each subject to a fine not exceeding $1,000, payable to the Department.

Added as Corporations and Associations § 8-701 by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1994, c. 596, § 1, eff. Oct. 1, 1994. Renumbered as Corporations and Associations § 8-801 by Acts 2013, c. 527, § 1, eff. Oct. 1, 2013; Acts 2013, c. 528, § 1, eff. Oct. 1, 2013.

Formerly Art. 78C, § 2.