Oregon Voting Trust Agreement
Description
How to fill out Voting Trust Agreement?
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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 accordance with the voting agreement.
2. Term and Termination. This Agreement may be terminated at any time by the affirmative vote of Beneficiaries holding at least a majority of the voting power of the outstanding Trust Interests.
A voting trust is a contract between shareholders in which their shares and voting rights are temporarily transferred to a trustee. 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.
A trust does not have legal personality and can therefore not vote as a shareholder, because it is only an accumulation of assets.
It is imperative to note that the voting rights agreements are valid only between the shareholders. One can elect directors at annual or special meetings and express their opinions to company management and directors on important topics that could influence the value of their shares.
A voting trust certificate is a document used to give temporary voting control over a corporation to one or several individuals. It is issued to a shareholder and represents the normal rights of any other stockholder, such as receiving quarterly dividends in exchange for their common shares.
The Voting Trust shall either be treated as a grantor trust under subpart E, part I of subchapter J of the Internal Revenue Code of 1986, as amended, or shall be treated as merely a custodial arrangement that is not an entity recognized for U.S. federal tax purposes, and the provisions of this Agreement shall be
A voting trust certificate is a document issued by a limited-life trust of a corporation established to give temporary voting control of a corporation to one or a few individuals.
Voting agreements are commonly used in business combination transactions to ensure the buyer that significant equity holders will vote to approve the subject transaction. A voting agreement may also include an irrevocable proxy.
