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 ?
plans to produce specialty program business or enter into pooling agreements with other insurance companies utilizing Tower's insurance company subsidiaries.
These rating actions reflect the formation of two separate, newly created inter-company pooling agreements, the attributes of each pool and its effect on the overall capitalization of each pool.
Best plans to analyze the specifics of these new pooling agreements to determine what impact, if any, they will have on the financial strength ratings.