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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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CORPORATIONS AND ASSOCIATIONS |
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TITLE 12. STATUTORY TRUSTS |
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SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS. |
§ 12-101.1. Presumption of business trust
Latest version.
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The use of the designation "business trust" or a statement in a certificate of trust or governing instrument executed on or before May 31, 2010, to the effect that a trust is or will qualify as a Maryland business trust within the meaning of or in accordance with this title may not create a presumption or an inference that the trust is a business trust for purposes of Title 11 of the United States Code.