- voting trust
- nounan agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees (Freq. 1)• Hypernyms: ↑trust
* * *noun: an arrangement transferring the voting rights of shares in a corporation from stockholders to trustees for a specified period
* * *voting trust,1. a method of restraining trade in which a board of trustees controls the affairs of a group of companies by obtaining the right to vote the stocks in each concern.2. a method of centralizing control of a company, in which all or a majority of the stockholders relinquish their voting power to a board of trustees for a limited time.
Useful english dictionary. 2012.
Look at other dictionaries:
voting trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. voting trust n. A devi … Law dictionary
Voting trust — A voting trust is a trust 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 (the trust period ). In some voting trusts,… … Wikipedia
voting trust — The transfer of title by stockholders of shares of a corporation to a trustee who is authorized to vote the shares on their behalf. One created by an agreement between a group of the stockholders of a corporation and the trustee, or by a group of … Black's law dictionary
Voting Trust — A legal trust created to combine the voting power of shareholders. With the establishment of the voting trust, the shareholders legal title (their stock) and voting rights are transferred to a designated trustee for a set duration. There are many … Investment dictionary
voting trust — A trust that seeks the vote proxies of shareholders of a corporation in an election of a board of directors or votes on other matters at a shareholders meeting. Such a trust is usually operated by a company s current directors to ensure their… … Business law dictionary
voting trust — Simply stated, a device whereby persons owning stock with voting powers divorce the voting rights thereof from the ownership, retaining the latter to all intents and purposes and transferring the former to trustees in whom the voting rights of… … Ballentine's law dictionary
Voting Trust — A trust set up by the company at a commercial bank inviting ordinary shareholders to deposit their shares for a fixed period in return for other privileges. This procedure is carried out if a company has financial instability and board members … Financial and business terms
voting trust certificate — n: a certificate issued as evidence of the holder s beneficial interest in a voting trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Voting Trust Certificate — A certificate issued by the limited life trust of a corporation established to limit the control of a corporation to a few individuals. A voting trust certificate is issued to a stockholder in exchange for their common stock, and represents all… … Investment dictionary
voting trust certificates — Certificates issued by voting trustees to the beneficial holders of shares held by the voting trust. Such certificates may be as readily transferable as the underlying shares, carrying with them all the incidents of ownership of the underlying… … Black's law dictionary