(85) CHOOPER ET AL., supra note 46, at 736 (according to the authors voting trust
came into existence for two main reasons: (1) "Desinged in response to the judicial aversion to the separation of ownership from control, it results in the trustees having legal title to the shares, as well as the right to vote in the manner agreed on"; and (2) "Existing creditors or senior security holders of a financially unstable corporation may require, as a condition of permitting the corporation to continue (or be reorganized), that they be given control through the mechanism of a voting trust
The most obvious symbol of the new regime was the voting trust
, which sought to provide a more effective monitoring vehicle than a host of dispersed shareholders.
Even a proxy agreement or voting trust
does not preclude a foreign parent from seeking to influence its cleared U.S.
A voting trust
is used when a business's founder has died and no successor has been named.
Upon the closing of the acquisition, G&W transferred the stock of P&W to a voting trust
which will remain in effect until the US Surface Transportation Board (STB) approves G&W's control of P&W, which is anticipated to occur in the fourth quarter of 2016.
Telcordia has submitted a Code of Conduct and Voting Trust
Agreement ensuring that Telcordia will be an impartial LNPA.
As soon as the deal closed, control of RailAmerica was placed into a voting trust
with appointed trustee being R Lawrence McCaffrey until the US Surface Transportation Board (STB) gives its ruling on GWI's application to control RailAmerica.
Some of the stock was placed in a voting trust
. A redemption occurred; the issue was whether the voting trust
stock should be viewed as controlled by the trustees and, thus, not count after the redemption.
Carvin revoked the voting trust
and the option agreement and claims 80 percent ownership after firing Wortman for alleged self-dealing and making important business decisions without her knowledge.
Surface Transportation Board's (STB) decision on its petition for a declaratory order confirming the viability of the proposed voting trust
structure, an option CP has proposed as the fastest way for NS shareholders to receive consideration for their shares.
The offer from Primav came in at BRL16.59 (USD8.05/EUR6.44) a share, proposing the set up of a new shareholder pact and voting trust
covering 50.1% in Ecorodovias, in which Impregilo will own 10% and Primav 40.1%, the Italian group said.
Finally, if a voting trust
is used, each beneficiary is counted as an S shareholder.