voting trust (Meaning)
Wordnet
voting trust (n)
an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
Synonyms & Antonyms of voting trust
No Synonyms and anytonyms found
voting trust Sentence Examples
- A voting trust is a legal arrangement where a group of shareholders transfer their voting rights to a trustee.
- Voting trusts are often used to ensure the continuity of a company's management or to prevent hostile takeovers.
- The trustee of a voting trust has the fiduciary duty to vote the shares in the best interests of the shareholders.
- Voting trusts can last for a period of years or indefinitely.
- In the United States, voting trusts are regulated by state law.
- The Delaware General Corporation Law permits voting trusts for a maximum duration of 10 years.
- Voting trusts can be challenged in court if they are found to be used for an improper purpose.
- Voting trusts can be used to protect minority shareholders from being oppressed by majority shareholders.
- Voting trusts can also be used to prevent shareholders from selling their shares to a competitor.
- Voting trusts can be a valuable tool for protecting the interests of shareholders and ensuring the stability of a company.
FAQs About the word voting trust
an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
No synonyms found.
No antonyms found.
A voting trust is a legal arrangement where a group of shareholders transfer their voting rights to a trustee.
Voting trusts are often used to ensure the continuity of a company's management or to prevent hostile takeovers.
The trustee of a voting trust has the fiduciary duty to vote the shares in the best interests of the shareholders.
Voting trusts can last for a period of years or indefinitely.
