§ 3-901. General rule.

   (a) "Other entity" defined. -- In this subtitle, "other entity" means:

   (1) A foreign corporation, as defined in § 1-101 of this article;

   (2) A domestic limited liability company, as defined in § 4A-101 of this article;

   (3) A foreign limited liability company, as defined in § 4A-101 of this article;

   (4) A partnership, as defined in § 9A-101 of this article;

   (5) 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;

   (6) A foreign limited partnership, as defined in § 10-101 of this article;

   (7) A business trust, as defined in § 1-101 of this article; or

   (8) 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) Procedures for conversion -- Maryland corporation to other entity. -- Unless the charter provides otherwise, a Maryland corporation may convert to an other entity by:

   (1) Approving the conversion in accordance with § 3-902 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) Procedures for conversion -- Other entity to Maryland corporation. -- An other entity may convert to a Maryland corporation having capital stock by complying with § 3-902 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) Articles of incorporation, which shall include the name of the converting other entity, executed in the manner required by Title 1 of this article and otherwise complying with the Maryland General Corporation Law.

HISTORY: 2013, ch. 527, § 2; ch. 528, § 2.