Section 12-307 - Statutory trust(a) Notwithstanding § 3-709 of this article, the provisions of Title 3, Subtitle 7 of this article apply to a statutory trust formed on or after October 1, 2023, that is a closed-end investment company as defined in the Investment Company Act of 1940.(b) Notwithstanding § 3-709 of this article, the governing instrument of a statutory trust formed before October 1, 2023, that is a closed-end investment company as defined in the Investment Company Act of 1940 may provide that Title 3, Subtitle 7 of this article applies to the statutory trust.Added by 2023 Md. Laws, Ch. 560, Sec. 1, eff. 10/1/2023.