Notwithstanding any other provision of the Maryland REIT Law, a real estate investment trust may issue shares of beneficial interest without consideration for the purpose of qualifying the real estate investment trust as a real estate investment trust under the Internal Revenue Code.
§ 8-207
Md. Code, Corporations and Associations § 8-207, under Article — Corporations and Associations.
Md. Code, Corporations and Associations § 8-207