§ 8-601. Liabilities of trust, shareholders, and trustees

Latest version.

(a) Liability of trust. -- The liability of a real estate investment trust extends to as much of the trust estate, including the whole, as necessary to discharge the liability.

(b) Liability of shareholder or trustee. -- A shareholder or trustee of a real estate investment trust shall have the immunity from liability described under § 5-419 of the Courts and Judicial Proceedings Article.

HISTORY: An. Code 1957, art. 78C, § 4; 1975, ch. 311, § 2; 1990, ch. 546, § 3; 1997, ch. 14, § 20.

                    
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