(a) In this subtitle, “other entity” means:
(1) A Maryland corporation incorporated under Title 2 of this article;
(2) A foreign corporation, as defined in § 1–101 of this article;
(3) A domestic limited liability company, as defined in § 4A–101 of this article;
(4) A foreign limited liability company, as defined in § 4A–101 of this article;
(5) A partnership, as defined in § 9A–101(i) of this article;
(6) A limited partnership, as defined in § 10–101 of this article, including a limited partnership registered as a limited liability limited partnership under § 10–805 of this article;
(7) A foreign limited partnership as defined in § 10–101 of this article;
(8) A business trust, as defined in § 1–101 of this article, excluding a statutory trust; or
(9) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession, or district of the United States, or a foreign country.
(b) Except as provided in its governing instrument, a statutory trust may convert to an other entity by:
(1) Approving the conversion in accordance with § 12–1002 of this subtitle; and
(2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article.
(c) An other entity may convert to a statutory trust by complying with § 12–1002 of this subtitle and filing for record with the Department:
(1) Articles of conversion executed in the manner required by Title 1 of this article; and
(2) A certificate of trust, which shall include the name of the converting other entity, executed in the manner required by § 12–204 of this title and otherwise complying with this title.