Knowledge (XXG)

Voting trust

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87:. By putting the shares in a trustee who can vote them at arm's length from the beneficiary(ies) of the trust, this can in some circumstances mitigate or absolve the original shareholder from what might otherwise constitute a conflict of interest (although in practice, to resolve conflicts of interest the trust will ordinarily be " 36:, 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 73:, shareholders need to hold a certain percentage of the issued shares of the company. By aggregating their shares, the shareholders can confer this power on themselves collectively where they might not have it individually. 66:
Several shareholders may wish to create a unified block of votes, which together gives them more power than the collective sum of their fragmented interests.
84: 40:, although in practice many voting trusts contain provisions for them to re-vested on the voting trusts with identical terms. 50:, but they have since been adopted widely by other states in the United States. They have also been extensively adopted in 133: 138: 51: 97:
Promoters of companies sometimes aggregate their shares in a voting trust to safeguard control of the company.
128: 123: 37: 91:"; while all blind trusts are necessarily voting trusts, not all voting trusts are blind trusts). 62:
There are several reasons why shareholders may wish to put a voting trust arrangement in place.
109: 94:
Shares are sometimes aggregated into a voting trust to facilitate a corporate reorganization.
77: 70: 117: 47: 25: 88: 29: 44: 33: 76:
Locking shares in voting trusts can, in some countries, help deter a
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and the voting rights attached thereto are legally transferred to a
21: 8: 83:Voting trusts are sometimes used to resolve 85:conflict of interest/conflicts of interest 7: 43:Voting trusts were made popular in 14: 20:is an arrangement whereby the 1: 110:Sample Voting trust agreement 69:In many countries, to call 155: 52:offshore jurisdictions 134:Legal terminology 146: 139:Wills and trusts 78:hostile takeover 71:general meetings 154: 153: 149: 148: 147: 145: 144: 143: 114: 113: 107: 101: 60: 28:of one or more 12: 11: 5: 152: 150: 142: 141: 136: 131: 126: 116: 115: 106: 103: 99: 98: 95: 92: 81: 74: 67: 59: 56: 13: 10: 9: 6: 4: 3: 2: 151: 140: 137: 135: 132: 130: 129:Corporate law 127: 125: 122: 121: 119: 112: 111: 104: 102: 96: 93: 90: 86: 82: 79: 75: 72: 68: 65: 64: 63: 57: 55: 53: 49: 48:corporate law 46: 41: 39: 35: 31: 27: 23: 19: 124:Business law 108: 100: 61: 42: 30:shareholders 18:voting trust 17: 15: 89:blind trust 38:beneficiary 118:Categories 58:Purposes 45:Delaware 34:trustee 26:company 105:Sample 22:shares 24:in a 120:: 54:. 16:A 80:.

Index

shares
company
shareholders
trustee
beneficiary
Delaware
corporate law
offshore jurisdictions
general meetings
hostile takeover
conflict of interest/conflicts of interest
blind trust
Sample Voting trust agreement
Categories
Business law
Corporate law
Legal terminology
Wills and trusts

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