Kansas Agreement and Plan of Merger for conversion of corporation into Maryland Real Estate Investment Trust
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How to fill out Agreement And Plan Of Merger For Conversion Of Corporation Into Maryland Real Estate Investment Trust?
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FAQ
Trusts are usually set up for private, personal purposes; whereas corporations are set up for business and for-profit purposes. Both trusts and corporations (non-profit ones) can be used for non-profit purposes. As noted above, non-profit, charitable organizations can be operated like a trust or like a corporation.
Examples of business trusts include: Example #1: Delaware and Alaska have specific state laws related to trusts in that there are special tax and financial advantages for beneficiaries. Example #2: A grantor trust allows someone to manage their business finances while providing for heirs.
?Maryland law affords REITs relatively broad protection from liability, a fairly easy process by which bylaws can be amended, fairly strong protection against hostile takeovers, and relatively flexible stockholder voting procedures.?
(2) "Business trust" means an unincorporated trust or association, including a Maryland real estate investment trust, a common-law trust, or a Massachusetts trust, which is engaged in business and in which property is acquired, held, managed, administered, controlled, invested, or disposed of for the benefit and profit ...
A legal arrangement in which a person or organization controls property, investments, etc., for another person or business: Houses can be purchased in the name of a business trust to disguise the name of the actual owner.
A trust is an agreement that allows one party, known as a trustee, to hold, manage, and direct assets or property on behalf of another party, called the beneficiary. In a business trust, a trustee manages a business and conducts transactions for the benefit of its beneficiaries.