Riverboat Review: New IRS Ruling on Floating Casinos


In PLR 201628009, the IRS determined that a dockside casino barge and a moored riverboat constituted “real estate assets” for purposes of the REIT qualification test.
Read More

Merger and Purchase Agreements Governed by Maryland Law: “Best Efforts”


Merger and purchase agreements involving Maryland corporations and REITs may be governed by Maryland law.
Read More

Defending Maryland Closed-End Funds


Closed-end funds trading at a discount to net asset value sometimes are the subject of attack by activist stockholders.
Read More

Maryland Appellate Courts to Hear Important Maryland Corporate Law Appeals


On Friday, October 7, 2016, the Court of Appeals of Maryland and the Maryland Court of Special Appeals will each hold oral argument in appeals with implications for Maryland corporations and their directors.
Read More

Americold Realty Tr. v. ConAgra Foods, Inc.: Citizenship of Maryland REITs


In Americold Realty Tr. v. ConAgra Foods, Inc., 136 S. Ct. 1012 (2016), the Supreme Court held that, for purposes of federal diversity jurisdiction, the citizenship of a Maryland real estate investment trust (formed pursuant to the Maryland REIT Law) is determined by the citizenship of all of its shareholders.
Read More