The Court of Special Appeals of Maryland has affirmed a trial court decision holding that a conversion foundation, formed following the sale of a charitable nursing home to a for-profit entity, is entitled to receive a terminating distribution from a trust formed for the benefit of the prior institution. The Court said that the named beneficiary continues to exist, even with a different name, and to carry out charitable activities. ( John B. Parsons Home, LLC, v. John B. Parsons Foundation , Ct. of Special App., MD, No. 109 Sept. Term, 2013, 4/30/14. ) Francis C. Baker established a trust in 1964 for the benefit of certain named individuals with the remainder on the death of the individuals...