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Session Laws, 1983, June Special Session
Volume 746, Page 14   View pdf image
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Ch. 1
LAWS OF MARYLAND
14
ELECTING NOT TO BE GOVERNED BY THIS SUBTITLE; OR (IV) AN INVESTMENT COMPANY REGISTERED UNDER THE
INVESTMENT COMPANY ACT OF 1940. (2) FOR PURPOSES OF SUBPARAGRAPH (II) OF THIS
SUBSECTION, ALL STOCKHOLDERS OF A CORPORATION THAT HAVE EXECUTED
AN AGREEMENT TO WHICH THE CORPORATION IS AN EXECUTING PARTY
GOVERNING THE PURCHASE AND SALE OF STOCK OF THE CORPORATION OR A
VOTING TRUST AGREEMENT GOVERNING STOCK OF THE CORPORATION SHALL
BE CONSIDERED A SINGLE BENEFICIAL OWNER OF THE STOCK COVERED BY
THE AGREEMENT. (F) A BUSINESS COMBINATION OF A CORPORATION THAT HAS A
CHARTER PROVISION PERMITTED BY § 2-104(B)(5) OF THIS ARTICLE IS
SUBJECT TO THE VOTING REQUIREMENTS OF § 3-602 OF THIS SUBTITLE
UNLESS ONE OF THE REQUIREMENTS OR EXEMPTIONS OF SUBSECTIONS (B),
(C), (D), OR (E) OF THIS SECTION HAVE BEEN MET. 8-301. A real estate investment trust has the power to: (12)  Exercise these powers, including the power to
take, hold, and dispose of the title to real and personal
property in the name of the trust or in the name of its trustees,
without the filing of any bond, except a bond required under §
8-204 of this title; [and] (13)  Generally exercise the powers set forth in its
declaration of trust which are not inconsistent with law and are
appropriate to promote and attain the purposes set forth in its
declaration of trust; AND (14)  ENTER INTO -A BUSINESS COMBINATION SUBJECT TO THE
PROVISIONS OF SUBTITLE 6 OF TITLE 3 OF THIS ARTICLE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage. Approved June 21, 1983.


 
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Session Laws, 1983, June Special Session
Volume 746, Page 14   View pdf image
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