Ch. 546 LAWS OF MARYLAND

INVESTMENT, DEFINED UNDER TITLE 8, SUBTITLE 1 OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE, IS NOT PERSONALLY
LIABLE FOR THE OBLIGATIONS OF THE REAL ESTATE INVESTMENT
TRUST.

(B) IF A TRUSTEE OTHERWISE WOULD BE LIABLE, THIS SECTION
DOES NOT RELIEVE THE TRUSTEE FROM ANY LIABILITY TO THE TRUST
OR ITS SECURITY HOLDERS FOR ANY ACT THAT CONSTITUTES:

(1) BAD FAITH;

(2) WILLFUL MISFEASANCE;

(3) GROSS NEGLIGENCE; OR

(4) RECKLESS DISREGARD OF THE TRUSTEE'S DUTIES.

(A) IN THIS SECTION "PARTNERSHIP" HAS THE MEANING STATED
IN § 9-101 OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE.

(B) A PERSON WHO IS ADMITTED AS A PARTNER INTO AN EXISTING
PARTNERSHIP IS LIABLE FOR ALL THE OBLIGATIONS OF THE
PARTNERSHIP ARISING BEFORE THE PERSON'S ADMISSION AS THOUGH
THE PERSON HAD BEEN A PARTNER WHEN THE OBLIGATIONS WERE
INCURRED, EXCEPT THAT THIS LIABILITY SHALL BE SATISFIED ONLY
OUT OF THE PROPERTY OF THE PARTNERSHIP.

5-353 5—352

IN THE ABSENCE OF AN AFFIRMATIVE SHOWING OF MALICE OR BAD
FAITH, EACH ARBITRATOR IN A HEALTH CARE MALPRACTICE CLAIM
UNDER TITLE 3, SUBTITLE 2A OF THIS ARTICLE 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.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2) "COMPENSATION" HAS THE MEANING STATED IN § 4-105.1
OF THE EDUCATION ARTICLE.

(3) "COUNTY BOARD EMPLOYEE" HAS THE MEANING STATED
IN § 4-105.1 OF THE EDUCATION ARTICLE.

(4) "VOLUNTEER" HAS THE MEANING STATED IN § 4-105.1 OF
THE EDUCATION ARTICLE.

(B) A COUNTY BOARD OF EDUCATION, DESCRIBED UNDER TITLE 4,

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