A real estate investment trust:
(1) Is a permitted form of unincorporated business trust or association;
(2) Is a separate legal entity; and
(3) May conduct business in the State in accordance with this title.
Md. Code, Corporations and Associations § 8-102, under Article — Corporations and Associations.
Md. Code, Corporations and Associations § 8-102
A real estate investment trust:
(1) Is a permitted form of unincorporated business trust or association;
(2) Is a separate legal entity; and
(3) May conduct business in the State in accordance with this title.