Maryland – HB 1140 (Chapter 528), effective October 1, relates to entity conversion
September 30, 2013
House Bill 1140 (Chapter 528) signed by the governor May 16 and effective October 1 authorizes a Maryland corporation to convert to an “other entity” by approving the conversion in a specified manner and filing for record with State Department of Assessments and Taxation (SDAT) properly executed articles of conversion. The bill also authorizes an other entity to convert to a Maryland corporation having capital stock by (1) approving the conversion in the manner required by its governing document and the laws of the place of incorporation or organization and (2) filing for record with SDAT properly executed articles of conversion and articles of incorporation. The bill text can be accessed at http://mgaleg.maryland.gov/2013RS/chapters_noln/Ch_528_hb1140T.pdf, and analysis of the bill can be accessed http://mgaleg.maryland.gov/2013RS/fnotes/bil_0000/hb1140.pdf.