(2) A direct appeal from an orphans' court pursuant to § 12-501 does not
stay any proceedings in the orphans' court which may with propriety be carried on
before the appeal is decided, if the court can provide for conforming to the decision of
the appellate court, whether the decision eventually is for or against the appellant.]

(A) (1) AN APPEAL FROM AN ORPHANS' COURT OR A CIRCUIT COURT STAYS
ALL PROCEEDINGS IN THE ORPHANS' COURT CONCERNING THE ISSUE APPEALED.

(2) AN APPEAL FROM AN ORPHANS' COURT OR A CIRCUIT COURT DOES
NOT STAY ANY PROCEEDINGS IN THE ORPHANS' COURT THAT DO NOT CONCERN THE
ISSUE APPEALED, IF THE ORPHANS' COURT CAN PROVIDE FOR CONFORMING TO THE
DECISION OF THE APPELLATE COURT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall apply to all
appeals that are filed on or after the effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1999.

Approved May 13, 1999.

CHAPTER 452
(House Bill 774)

AN ACT concerning

Corporations Business Trusts - Formation and Powers

FOR the purpose of providing for the formation and powers of business trusts, other
than real estate investment trusts; providing for the application of certain laws
to business trusts; providing for the organization, termination, or dissolution of
a business trust under certain circumstances; requiring a business trust to
designate a resident agent under certain circumstances; requiring a business
trust to file a certificate of trust with the State Department of Assessments and
Taxation under certain circumstances; providing for the content, amendment,
cancellation, effectiveness, and filing of a certificate of trust; imposing certain
requirements on the name of a business trust in a certificate of trust, specifying
the provisions that a governing instrument may contain; imposing certain
requirements on the contribution, liability, interests, and rights of a beneficial
owner of a business trust; imposing certain requirements on the powers and
liability of a trustee of a business trust; providing for certain legal proceedings of
a business trust under certain circumstances; providing for the merger or
consolidation of a business trust under certain circumstances; requiring a
business trust to pay certain fees to the Department under certain
circumstances; defining certain terms; making the provisions of this Act
severable; providing for the applicability of this Act to common law business
trusts under certain circumstances; requiring the Comptroller, the Secretary of
Labor, Licensing, and Regulation, and the State Department of Assessments