What does voting trust mean?
Definitions for voting trust
vot·ing trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word voting trust.
Princeton's WordNet
voting trustnoun
an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
Wikipedia
Voting trust
A voting trust is an arrangement whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period of time (the "trust period"). In some voting trusts, the trustee may also be granted additional powers (such as to sell or redeem the shares). At the end of the trust period, the shares would ordinarily be re-transferred to the beneficiary, although in practice many voting trusts contain provisions for them to re-vested on the voting trusts with identical terms. Voting trusts were made popular in Delaware corporate law, but they have since been adopted widely by other states in the United States. They have also been extensively adopted in offshore jurisdictions.
ChatGPT
voting trust
A voting trust is a legal agreement where shareholders transfer their voting rights to a trustee for a specified period of time. This is typically done to consolidate voting power, allowing for more effective control over a company's policies or management. The trustee may be an individual, a group of individuals, or another company, and is often required to vote in the best interests of the shareholders. The shareholders in return receive voting trust certificates and retain all other rights associated with the shares, such as receiving dividends.
Wikidata
Voting trust
A voting trust is an arrangement whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period of time. In some voting trusts, the trustee may also be granted additional powers. At the end of the trust period, the shares would ordinarily be re-transferred to the beneficiary, although in practice many voting trusts contain provisions for them to re-vested on the voting trusts with identical terms. Voting trusts were made popular in Delaware corporate law, but they have since been adopted widely by other states in the U.S.A. They have also been extensively adopted in offshore jurisdictions.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of voting trust in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of voting trust in Pythagorean Numerology is: 5
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"voting trust." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/voting+trust>.
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