{"data":{"id":"us-md/md.-code-corporations-and-associations-12-1002","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 12–1002","heading":"","body":"(a) Except as provided in the governing instrument, a conversion of a statutory trust to an other entity shall be approved by a majority of the trustees and by the beneficial owners by the affirmative vote of two–thirds of all the votes entitled to be cast on the matter.\n(b) A conversion of an other entity to a statutory trust shall be approved in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=12-1002","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"5fe91184c54025f56c95a33b871ee0662b8ff3d0f97fbac4528a1393e93dfce2","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-12-1001","next":"us-md/md.-code-corporations-and-associations-12-1003"},"notice":"GroundRules: Original legal text. Not legal advice."}