(a) In this subtitle, 'other entity' means: (1) A Maryland corporation incorporated under Title 2 of this article; (2) A foreign corporation, as defined in § 1–101 of this article; (3) A domestic limited liability company, as defined in § 4A–101 of this article; (4) A foreign limited liability company, as defined in § 4A–101 of this article; (5) A partnership, as defined in § 9A–101 of this article; (6) A limited partnership, as defined in § 10–101 of this article, including a limited partnership registered as a limited liability limited partnership under § 10–805 of this article; (7) A foreign limited partnership, as defined in § 10–101 of this article; (8) A business trust, as defined in § 1–101 of this article, excluding a real estate investment trust; or (9) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession or district of the United States, or a foreign country. (b) Unless the declaration of trust provides otherwise, a real estate investment trust may convert to an other entity by: (1) Approving the conversion in accordance with § 8–702 of this subtitle; and (b) Unless the declaration of trust provides otherwise, a real estate investment trust may convert to an other entity by: (1) Approving the conversion in accordance with § 8–702 of this subtitle; and (2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article. (c) An other entity may convert to a real estate investment trust by complying with §�8–702 of this subtitle and filing for record with the Department: (1) Articles of conversion executed in the manner required by Title 1 of this article; and (2) A declaration of trust, which shall include the name of the converting other entity, executed in the manner required by § 8–202 of this title and otherwise complying with this title.
Maryland Legal Code