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.
Md. Code Ann., Corps. & Ass'ns § 12-101.1
Known as the Maryland Statutory Trust Act
The act spans §§ 12–12 (68 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.