Certificate of notice.

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

    (b)    A certificate of notice may describe:

        (1)    An action by the real estate investment trust, its board of trustees, or its shareholders;

        (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)    Any other information that the real estate investment trust determines should be disclosed.

    (c)    A certificate of notice may not:

        (1)    Amend, supplement, or correct the declaration of trust of the real estate investment trust in any manner; or

        (2)    Affect any rights or liabilities of shareholders, whether or not accrued or incurred before the certificate of notice is filed.

    (d)    A certificate of notice is not a part of the declaration of trust of a real estate investment trust.

    (e)    A trustee of a real estate investment trust is not required to authorize or direct the filing of a certificate of notice.

    (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.

    (g)    A certificate of notice shall be executed in the manner required for charter documents by § 1–301 of this article.


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