1908                                             LAWS OF MARYLAND                       [Ch. 311

SHAREHOLDERS;

(5)    PROVIDE FOR THE REMOVAL OF A TRUSTEE AT
ANY TIME BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE
SHAREHOLDERS;

(6)    STATE THE NAME AND ADDRESS OF EACH
TRUSTEE;

(7)   STATE THE NAME AND ADDRESS OF A RESIDENT
AGENT OF THE REAL ESTATE INVESTMENT TRUST IN THE STATE;
AND

(8)   PROVIDE THAT THE DECLARATION OF TRUST MAY
NOT BE AMENDED EXCEPT AS PROVIDED IN §8-501 OF THIS
TITLE.

(C) PROPORTION OF VOTES.

NOTWITHSTANDING ANY PROVISION OF THIS TITLE WHICH
REQUIRES FOR ANY ACTION THE CONCURRENCE OF A GREATER
PROPORTION OF THE VOTES THAN A MAJORITY OF THE VOTES
ENTITLED TO BE CAST, A REAL ESTATE INVESTMENT TRUST MAY
PROVIDE BY ITS DECLARATION OF TRUST THAT THE ACTION MAY
BE TAKEN OR AUTHORIZED ON THE CONCURRENCE OF A SMALLER
PROPORTION, BUT NOT LESS THAN A MAJORITY OF THE NUMBER OF
VOTES ENTITLED TO BE CAST ON THE MATTER.

(D) EXECUTION.

THE DECLARATION OF TRUST SHALL BE SIGNED AND
ACKNOWLEDGED BY EACH TRUSTEE.

REVISOR'S NOTE: Subsection (a) of this section is
new language derived without substantive
change from the second clause of the third
sentence of Art. 78C, §2(a).

Subsection (b), items (1), (6), and (7) of
this section, are new language derived without
substantive change from the first clause of
the third sentence of Art. 78C, §2 (a). Items
(2) through (5) of subsection (b) are new
language derived without substantive change
from Art. 78C, §2(b)(1) and (3). The
substance of present §2 (b)(4) new appears in
§8-501, as referred to in subsection (b)(8) of
this section.

Subsection (c) of this section is new language
derived without substantive change from the
last sentence of Art. 78C, §5. The last
provision of Art. 78C, §5, "any action
taken...in accordance with this...is