an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
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.
The numerical value of voting trust in Chaldean Numerology is: 9
The numerical value of voting trust in Pythagorean Numerology is: 5
Images & Illustrations of voting trust
Find a translation for the voting trust definition in other languages:
Select another language:
Discuss these voting trust definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"voting trust." Definitions.net. STANDS4 LLC, 2018. Web. 19 Mar. 2018. <https://www.definitions.net/definition/voting trust>.