voting trust

A trust used to hold shares of voting stock in a closely held corporation, usu. transferred from a parent to a child, and empowering the trustee to exercise the right to vote.

• The trust acts as custodian of the shares but is not a stockholder. Cf. VOTING GROUP. [Cases: Corporations 198.1(1). C.J.S. Corporations § 380.]

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词条贡献者

资深法律翻译Patrick，毕业于美国顶尖的高级翻译学院，专注翻译各类与资产管理有关的法律文件。