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voting trust :: legal definition


Voting trust - n. a trust which solicits vote proxies of shareholders of a corporation to elect a board of directors and vote on other matters at a shareholders' meeting. A voting trust is usually operated by current directors to insure continued control, but occasionally a voting trust represents a person or group trying to gain control of the corporation.

See also: corporation proxy shareholder stockholder and Related Law Terms ↓


Related Law Terms

alter ego :: n. a corporation, organization or other entity set ... See also: pierce the corporate veil
common stock :: n. stock in a corporation in which dividends (payo ... oration preferred stock share stock
corporation :: n. an organization formed with state governmental ... ation public corporation securities
cumulative voting :: n. in corporations, a system of voting by sharehol ... eholders with 1,001 or more shares.
derivative action :: n. a lawsuit brought by a corporation shareholder ... on director shareholder stockholder
director :: n. a member of the governing board of a corporatio ... lso: board of directors corporation
distribute :: v. 1) the dividing up of those assets of an estate ... and distribution probate trust will
dividend :: n. a portion of profit, usually based on the numbe ... . See also: corporation shareholder
non-profit corporation :: n. an organization incorporated under state laws a ... harity corporation cy pres doctrine
preemptive right :: n. the right of a shareholder in a corporation to ... also: corporation shareholder stock
proxy :: n. 1) someone who is authorized to serve in one's ... d members and convention delegates.
shareholder :: n. the owner of one or more shares of stock in a c ... : corporation shareholders' meeting
shareholders' agreement :: n. an employment agreement among the shareholders ... re only three or four shareholders.
shareholders' derivative action :: n. a lawsuit by a corporation's shareholders, theo ... gement. See also: derivative action
shareholders' meeting :: n. a meeting, usually annual, of all shareholders ... ctors corporation proxy shareholder

Popular Law Searches

legal definition ministerial act :: n. an act, particularly of a governmental employee ... exercising any individual judgment.
chancery legal definition :: n. a court that can order acts performed. Today ch ... ts in most states. See also: equity
testamentary disposition legal definition :: n. how the terms of a will divide the testator's ( ... named beneficiaries. See also: will
contract of sufferance :: n. a "hold-over" tenancy after a lease has expired ... y tenancy at will unlawful detainer
forthwith legal definition :: adv. a term found in contracts, court orders and s ... mediacy, with no excuses for delay.
forthwith definition legal :: adv. a term found in contracts, court orders and s ... mediacy, with no excuses for delay.
what is to wit in a legal contract :: prep. that is to say. Example: "the passengers in ... tty Bumgartner and Sherry Younger."
mirror wills legal definition :: n. the wills of a husband and wife which are ident ... d each names the other as executor.
clean hands doctrine latin :: n. a rule of law that a person coming to court wit ... ices. See also: affirmative defense
sine qua non only relates to contract law :: (see-nay kwah nahn) prep. Latin for "without which ... qua non of the injury to Playmate.

Other Law Terms - V

vacate :: v. 1) for a judge to set aside or annul an order o ... of real estate and cease occupancy.
vagrancy :: n. moving about without a means to support oneself ... ue of "loitering." See also: loiter
valuable consideration :: n. a necessary element of a contract, which confer ... t. See also: consideration contract
variance :: n. 1) an exception to a zoning ordinance, authoriz ... process." See also: dismissal proof
vehicular manslaughter :: n. the crime of causing the death of a human being ... gence manslaughter reckless driving
vendee :: n. a buyer, particularly of real property. ... yer, particularly of real property.
vendor :: n. a seller, particularly of real property. ... ler, particularly of real property.
venire :: (ven-eer-ay) n. the list from which jurors may be ... y be selected. See also: jury panel
venue :: n. 1) the proper or most convenient location for t ... ion. See also: forum non conveniens
verdict :: n. the decision of a jury after a trial, which mus ... nt quotient verdict special verdict
verification :: n. the declaration under oath or upon penalty of p ... ed. See also: answer complaint oath
vest :: v. to give an absolute right to title or ownership ... . See also: vested vested remainder
vested :: adj. referring to having an absolute right or titl ... ed. See also: vest vested remainder
vested remainder :: n. the absolute right to receive title after a pre ... pass to him. See also: vest vested
vexatious litigation :: n. filing a lawsuit with the knowledge that it has ... lous malicious prosecution sanction
vicarious liability :: n. sometimes called "imputed liability," attachmen ... r or policeman. See also: liability
vigilante :: n. someone who takes the law into his/her own hand ... lester of her child is a vigilante.
viz :: prep. to wit, or namely. Example: "There were seve ... d broken windows." See also: to wit
void :: adj. referring to a statute, contract, ruling or a ... udgment is void. See also: voidable
void for vagueness :: adj. referring to a statute defining a crime which ... o the states by the 14th Amendment.