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LAWS OF MARYLAND

Ch. 311

information required by [paragraph (3)] SUBSECTION (C) of
this [subsection] SECTION to any holder of shares on request
and without charge.

[(b) (1) The beneficial ownership of the shares of a
real estate investment trust shall be held by at least 100
persons for at least 75 percent of each year.

(2) Not more than 50 percent of the total number
of outstanding shares may be owned directly or indirectly by
less than six persons.]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 12, 1981.

CHAPTER 312

(Senate Bill 755)

AN ACT concerning

Corporations and Associations - Corporate Name

FOR the purpose of permitting a professional corporation to
use in its corporate name the words "professional
corporation".

BY repealing and reenacting, with amendments,

Article - Corporations and Associations

Section 5-109(a)

Annotated Code of Maryland

(1975 Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Corporations and Associations

5-109.

(a) The corporate name of a professional corporation
shall contain the:

(1)  Word "chartered"

(2)  Words "professional association"

(3)  Abbreviation "P.A."[; or]