Creation of Voting Trust. One or more shareholders may create a voting trust, conferring on a trustee the right to vote or otherwise act for them, by signing an agreement setting out the provisions of the trust, which may include anything consistent with its purpose, and transferring their shares to the trustee. When a voting trust agreement is signed, the trustee shall prepare a list of the names and addresses of all owners, together with the number and class of shares each transferred to the trust, and deliver copies of the list and agreement to the corporation's principal office. [PL 2015, c. 259, §11 (AMD).]
Appears in 3 contracts
Sources: Voting Trust Agreement, Voting Trust Agreement, Voting Trust Agreement