Voting Trust

(redirected from Pooling agreement)
Also found in: Dictionary, Thesaurus, Legal.

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.