voting trust certificates

voting trust certificates
Certificates issued by voting trustees to the beneficial holders of shares held by the voting trust. Such certificates may be as readily transferable as the underlying shares, carrying with them all the incidents of ownership of the underlying shares except the power to vote

Black's law dictionary. . 1990.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • voting trust — The transfer of title by stockholders of shares of a corporation to a trustee who is authorized to vote the shares on their behalf. One created by an agreement between a group of the stockholders of a corporation and the trustee, or by a group of …   Black's law dictionary

  • voting trust — Simply stated, a device whereby persons owning stock with voting powers divorce the voting rights thereof from the ownership, retaining the latter to all intents and purposes and transferring the former to trustees in whom the voting rights of… …   Ballentine's law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • voting certificate — 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. Bloomberg Financial Dictionary …   Financial and business terms

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • foreign private issuer — For US purposes, any foreign issuer other than a foreign government, except an issuer where more than 50% of its outstanding voting securities are held directly or through voting trust certificates or depositary receipts by US residents; and any… …   Law dictionary

  • Security (finance) — This article is about the negotiable instrument. For the legal right given to a creditor by a borrower, see Security interest. Securities Securities Bond …   Wikipedia

  • security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… …   Black's law dictionary

  • Investment Company Act of 1940 — The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at usc|15|80a 1 through usc|15|80a 64.Following the founding of the mutual fund in 1924, investors welcomed the innovation with… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”