voting trust


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Related to voting trust: proxy, Voting trust certificate
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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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To the contrary, BDI will demand a voting trust for the new Government.
provide specific rules for the enforcement of pooling agreements, (103) proxy agreements, (104) and voting trust (105).
Economic equivalency is achieved as a result of the holders of the exchangeable shares receiving certain rights which are set out in the exchangeable share provisions, a support agreement entered into by the target and the foreign parent company and a voting trust and exchange agreement entered into by the target, foreign parent and a Canadian trust company.
As Pulitzer heirs join the new voting trust, they'll send 96 percent of B votes to the table.
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.
The voting trust is used to transfer legal control of a company to trustees.
However, a transfer of stock to a voting trust where the transferor is the trustee will cause inclusion in the transferor's estate under IRC Sec.
Ironically, a voting trust, which held nearly all the company stock, was established by the LaVerdieres to assure the smooth management of their retail business.
Riney Family Voting Trust (the Riney Trust), the Paula and Rodger Riney Foundation and the St.
Gail Laule, an SBMEI shareholder, said Sharpe requested the presence of the policemen during the takeover to assure the 'peaceful enforcement of a court order,' which affirmed the revocation of the voting trust agreement that management had given to Tai.
BDI has not reviewed the initiative for voting trust in the Government and as Koha has been told from partisan sources, the decision to give support to the Government was unambiguous.