voting trust

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Noun1.voting trust - an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
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IRS letter rulings issued during the period addressed Issues including transfers of stock from an ESBT to a voting trust, creation of an ESBT pursuant to a divorce, and several instances of inadvertent terminations of S elections.
The joint order requires that The NorCrown Trust and Charles Kushner pay civil money penalties totaling at least $12.5 million, to divest The NorCrown Trust's shares of NorCrown Bank, and to transfer the shares to a voting trust administered by an independent trustee until the divestiture is completed.
The Stephens family's control of the company, however, is mitigated by the fact that all its shares have been placed in a 10-year "voting trust" which must cast its shareholder votes in the same proportion as votes cast by other sharesholders.
A TCP approved by the CSA shall be developed and implemented by those companies cleared under a voting trust agreement, proxy agreement, special security agreement, and security control agreement or when otherwise deemed appropriate by the CSA.
To achieve this, the foreign parent creates a special class of voting shares (usually supervoting preferred shares), all of which are held by a trustee pursuant to a voting trust agreement.
Under an ownership succession plan, Durwood's controlling block of class B shares are now held by a voting trust consisting of AMC's general counsel Raymond F.
According to the stockholder brochure published for the Annual Meeting, two have been added to the voting trust. They are Robert C.
Money began running low at Wired and Providence secured a $10m line of credit, but with the condition that six of the 11 seats on the Wired board would go to Providence and Tudor and the votes of the A and B shareholders would go into a voting trust that would control their votes regarding any sale of the company.
The voting trust was first used in connection with the railroad consolidations and reorganizations between the Civil War and 1880, but not until the late eighties and nineties was it popularized by the railroad reorganizations of the period.
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