Certificates issued by a voting trust to stockholders in exchange for their common stock, which represent all the rights of common stock except voting rights.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Voting Trust Certificate
A certificate issued by a voting trust to common shareholders. The voting trust certificate is given in exchange for common stock and gives the shareholder every right associated with the common share except voting rights. Specifically, and perhaps most importantly, the shareholder continues to receive dividends. A voting trust receives the voting rights (and legal title) to the common stock for a set period of time in order to combine the voting power of the common shareholders who set up the voting trust.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved