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 ?
Financial performance is projected to be relatively stable as the power pooling agreement with SENA reduces some of the volatility associated with wholesale sales and market prices.
Any pooling agreement based on present earnings would deprive the Midland of its proper share of the future '"29 It seems that the Midland's expansion strategy was as dominant in the 1890s as it had been nearly forty years earlier when the company had begun to develop its middle route to Scotland.
These withdrawals are due to the elimination of the AAA MAIG's pooling agreement, and as a result, the elimination of AAA MAIG.
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.
The rating actions stem from Middle Georgia's agreement to affiliate with Buckeye State Mutual Insurance Company (Buckeye) through a reinsurance pooling agreement.
has upgraded the financial strength rating (FSR) to A+ (Superior) from A- (Excellent) and the issuer credit ratings (ICR) to "aa-" from "a-" of Rockhill Insurance Company (Phoenix, AZ), Plaza Insurance Company (Kansas City, MO), American Compensation Insurance Company and Bloomington Compensation Insurance Company (both domiciled in Bloomington, MN), following their addition to the intercompany pooling agreement of State Auto Insurance Companies (State Auto) (Columbus, OH), retroactive to an effective date of January 1, 2011.
NASDAQ:HGIC) and Harleysville Mutual Insurance Company have amended their intercompany pooling agreement as it relates to their workers compensation business, effective January 1, 2011.
As of January 1, 2011, the State Auto pooling agreement will be amended to add the operating results of the insurance companies of Rockhill.
Additionally, the boards of directors of STFC and State Automobile Mutual Insurance Company approved proposed changes to the intercompany reinsurance pooling agreement for the State Auto Group.
The rating actions follow the recent policyholder and regulatory approval of the participation of Hingham and Danbury in the intercompany pooling agreement of NLC Insurance Companies (NLC).
Property losses have impacted SGIC due to its participation in an inter-company pooling agreement with SGU.
Additional updates include edits to provisions generally contained in intercompany pooling agreements that qualify for pooled ratings.