Exhibit 5.1
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lawyers@saul.com
www.saul.com |
May 20, 2010
Corporate Office Properties Trust
6711 Columbia Gateway Drive
Suite 300
Columbia, Maryland 21046
Re: Registration Statement on Form S-8
Amended and Restated 2008 Omnibus Equity and Incentive Plan
Ladies and Gentlemen:
We are issuing this opinion in connection with the registration by Corporate Office Properties Trust, a Maryland real estate investment trust (the Company), pursuant to a registration statement on Form S-8 (the S-8 Registration Statement) filed under the Securities Act of 1933, as amended (the Act), of 3,000,000 common shares of beneficial interest, $0.01 par value, of the Company (the Common Shares) that may be offered and sold under the Companys Amended and Restated 2008 Omnibus Equity and Incentive Plan (the Plan).
As a basis for our opinions, we have examined the following documents:
(vi) the Plan;
Lockwood Place · 500 East Pratt Street · Baltimore, MD 21202-3171
Phone: (410) 332-8600 · Fax: (410) 332-8862
BALTIMORE CHESTERBROOK HARRISBURG NEWARK PHILADELPHIA PRINCETON WASHINGTON WILMINGTON
A DELAWARE LIMITED LIABILITY PARTNERSHIP
In reaching the opinions set forth below, we have assumed:
As to various questions of fact material to our opinions, we have relied upon a certificate and representations of Karen M. Singer, as Secretary of the Company, and have assumed that the Secretarys Certificate and representations continue to remain true and complete as of the date of this letter. We have not examined any court records, dockets, or other public records, nor have we investigated the Companys history or other transactions, except as specifically set forth in this letter.
Based on our review of the foregoing and subject to the assumptions and qualifications set forth in this letter, it is our opinion, as of the date of this letter, that:
1. The Company is a real estate investment trust duly formed and existing under and by virtue of the laws of the State of Maryland and is in good standing with the State Department of Assessments and Taxation of the State of Maryland.
2. The Common Shares have been duly and validly authorized and, when the Common Shares are issued and delivered in the manner and for the consideration contemplated by the Plan, will be validly issued, fully paid and nonassessable.
In addition to the qualifications set forth above, the opinions set forth in this letter are also subject to the following qualifications:
This opinion is being furnished to you, for your benefit, and for your transfer agent, Wells Fargo Shareowner Services, who may rely on this opinion. The opinions expressed in this letter are furnished only with respect to the transactions contemplated by the S-8 Registration Statement. The opinions expressed in this letter are limited to the matters set forth
in this letter, and no other opinions shall be implied or inferred beyond the matters expressly stated.
We hereby consent to the filing of this opinion as an exhibit to the S-8 Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Securities Act of 1933.
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Very truly yours, |
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SAUL EWING LLP |