Voting Trust

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Voting Trust

A trust that common shareholders create in order to combine their votes at the annual meeting. Each shareholder transfers his/her voting rights to the trust, while retaining title to the dividends and other rights associated with the stock. The voting trust receives legal title to the common stock and issues voting trust certificates, representing the other rights of common stock, to shareholders. The voting trust uses these shares to vote as a block. This gives participating shareholders a degree of control over the company that they would not otherwise have. Typically, a voting trust can only exist for a certain period of time, depending on the laws of the state in which the company is incorporated.
References in periodicals archive ?
The pooling agreement which has now been terminated provided in particular for a uniform voting procedure at the annual general meeting as well as for certain restrictions on share sales and certain purchase rights of first refusal with respect to the shares covered by the pool.
The company participates in an intercompany pooling agreement with
The other terms of the pooling agreement will remain unchanged.
Gotham Insurance's participation in a pooling agreement with its parent company, New York Marine & General Insurance Co.
When the transaction closes, ACC and DCC are expected to be added to the current pooling agreement of AIC.
First Dynasty Mines shareholders sign new pooling agreement
AIC operates under an inter-company pooling agreement that currently includes five member companies.
As a result, the companies have agreed to terminate the Pooling Agreement and related agreements signed in 1993 and place their vessels in West Africa under the common management of Feronia International Shipping SA ("FISH"), a subsidiary of CNN in which SEACOR will invest.
SPARTA Specialty Insurance Company and SPARTA American Insurance Company are participants in a pooling agreement with SPARTA, which provides excellent capitalization, experienced management team, stringent underwriting guidelines, conservative business plan and state-of-the-art technology.
He admitted that in a 1990 briefing for Duquesne Light and other utilities, he proposed a pooling agreement for replacement steam generators.
The rating actions stem from Middle Georgia's agreement to affiliate with Buckeye State Mutual Insurance Company (Buckeye) through a reinsurance pooling agreement.
An intercompany reinsurance pooling agreement was entered into on October 1, 1992, between UCC and UIC in which 75 percent of the pool's written premium is assumed by UCC and 25 percent is assumed by UIC.