Section 8-706 - Completion of conversion(a) The conversion of an other entity to a real estate investment trust shall be completed on the later of: (1) The formation of the real estate investment trust in accordance with this title; or(2) The effectiveness of articles of conversion filed for record with the Department.(b) The conversion of a real estate investment trust to an other entity shall be completed on the effectiveness of articles of conversion filed for record with the Department.(c) Articles of conversion are effective on the later of:(1) The time the Department accepts the articles of conversion for record; or(2) The future effective time of the articles of conversion as set forth in articles of conversion that have been accepted by the Department for record.(d)(1)(i) Except as provided in subparagraph (ii) of this paragraph, at the time the conversion of an other entity to a real estate investment trust is completed:1. The other entity shall be converted to a real estate investment trust;2. The conversion shall have the effects set forth in § 8-704 of this subtitle; and3. The real estate investment trust shall be subject to all of the provisions of the Maryland REIT Law.(ii) The existence of the real estate investment trust shall be deemed to have commenced on the date the other entity commenced its existence in the place in which the other entity was first incorporated, created, formed, or otherwise came into being.(2) At the time the conversion of a real estate investment trust to an other entity is completed, the conversion shall have the effects set forth in § 8-704 of this subtitle.Added by 2013 Md. Laws, Ch. 528,Sec. 2, eff. 10/1/2013.Added by 2013 Md. Laws, Ch. 527,Sec. 2, eff. 10/1/2013.