Merger and Purchase Agreements Governed by Maryland Law: "Sandbagging"


Merger and purchase agreements involving Maryland corporations and REITs may be governed by Maryland law.
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2017 Legislative Update


In 2017, the Maryland General Assembly, during its 437th session, adopted stockholder-friendly legislation concerning Maryland corporations and real estate investment trusts, while rejecting or delaying more radical changes to the Maryland General Corporation Law (“MGCL”) and the Maryland REIT Law.
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Appraisal Rights in Maryland


With the recent focus on appraisal rights in the Delaware Court of Chancery, it was only a matter of time before a Maryland court took up the issue.
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MSBA Ad Hoc Task Force Recommends Statewide Business Court


On January 31, 2017, an ad hoc task force (“Task Force”) of the Business Law Section of the Maryland State Bar Association issued a Final Report and Proposed Recommendations for the Business & Technology Case Management Program (“BTCMP”), proposing changes to the management of complex business and technology cases in Maryland.
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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.
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