WILLIAM DONALD SCHAEFER, Governor Ch. 546

(1) A banking institution as defined in § 1-101 of the Financial Institutions
Article;

(2) A credit union as described in § 6-201 of the Financial Institutions
Article;

(3) A savings and loan association as defined in § 8-101 of the Financial
Institutions Article; or

(4) A subsidiary of a banking institution, credit union, or savings and loan
association described in this subsection.

(c) This section may not be construed to affect the liability of a person in any
capacity other than the person's capacity as a director or officer] AS DESCRIBED
UNDER TITLE 5, SUBTITLE 3 § 5-349 OF THE COURTS AND JUDICIAL
PROCEEDINGS ARTICLE.

8-601.

(a) 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) A shareholder or trustee [is not personally liable for the obligations of the
trust. However, if a trustee otherwise would be liable, this section does not relieve him
from any liability to the trust or its security holders for any act which constitutes:

(1) Bad faith;

(2) Willful misfeasance;

(3) Gross negligence; or

(4) Reckless disregard of his duties] OF A REAL ESTATE
INVESTMENT TRUST SHALL HAVE THE IMMUNITY FROM LIABILITY
DESCRIBED UNDER TITLE 5, SUBTITLE 3 § 5-350 OF THE COURTS AND
JUDICIAL PROCEEDINGS ARTICLE.

9-309.

A person admitted as a partner into an existing partnership [is liable for all the
obligations of the partnership arising before his admission as though he had been a
partner when the obligations were incurred, except that this liability shall be satisfied
only out of partnership property] SHALL HAVE THE IMMUNITY FROM
LIABILITY DESCRIBED UNDER TITLE 5, SUBTITLE 3 § 5-351 OF THE
COURTS AND JUDICIAL PROCEEDINGS ARTICLE.

Article - Courts and Judicial Proceedings

3-2A-04.

(g) [In the absence of an affirmative showing of malice or bad faith, each
arbitrator from the time of acceptance of appointment has immunity from suit for any
act or decision made during tenure and within the scope of designated authority] AN

- 2399 -