Georgia Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock

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Multi-State
Control #:
US-EG-9335
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Word; 
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Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock dated October 22, 1999. 6 pages.
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  • Preview Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock
  • Preview Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock
  • Preview Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock
  • Preview Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock
  • Preview Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock

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FAQ

If the agreement is validly executed, any party to the agreement can sue for specific performance of the agreement if another party refuses to abide by the agreement. If a suit for specific performance is successful, the court will order the parties to vote the shares in ance with the voting agreement.

A voting trust agreement is a contractual agreement that records the transfer of shares from a shareholder to a trustee. The agreement gives the trustee temporary control of the voting powers of the shareholders.

Voting Agreements If the agreement is validly executed, any party to the agreement can sue for specific performance of the agreement if another party refuses to abide by the agreement.

A shareholder may assign his right to vote to another person by means of a voting trust agreement. A voting trust is created by a written trust agreement whereby the original stockholder transfers his shares to a trustee to be held for his benefit.

For a proxy vote, it is a temporary arrangement for a one-time issue; whereas, for a voting trust, it gives the trustees increased power to make decisions on behalf of all shareholders to control the company, which differs from proxy voting in terms of how much power is allocated.

A voting agreement is a contract in which shareholders agree to vote a certain way on specific issues without giving up their shares or voting rights. Voting trusts are formed for many reasons, including preventing hostile takeovers, retaining majority control, and resolving conflicts of interest.

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Georgia Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock