US Legal Forms
Spec Forms
Indiana
Voting Trust of Shares in Closely Held Corporation

Indiana Voting Trust of Shares in Closely Held Corporation

Category:

Trusts - Voting Trusts

State:

Multi-State

Control #:

US-02094BG

Format:

Instant download

Description

Closely held corporations are those in which a small group of shareholders control the operating and managerial policies of the corporation. Most, but not all, closely held corporations are also family businesses. Family businesses may be defined as those companies where the link between the family and the business has a mutual influence on company policy and on the interests and objectives of the family.

A voting trust is a device for combining the voting power of shareholders. It is not unlawful for shareholders to combine their voting stock for the election of directors so as to obtain or continue the control or management of a corporation. Some state laws limit the duration of voting trusts to a period of a certain number of years.

Nevada Investment - Grade Bond Optional Redemption (without a Par Call)

View this form

New Hampshire Investment - Grade Bond Optional Redemption (without a Par Call)

View this form

New Jersey Investment - Grade Bond Optional Redemption (without a Par Call)

View this form

New Mexico Investment - Grade Bond Optional Redemption (without a Par Call)

View this form

New York Investment - Grade Bond Optional Redemption (without a Par Call)

View this form

Employee Polygraph Protection Act EPPA Poster

View this form

Affidavit of Defendant Spouse in Support o...

View this form

Verified Complaint for Replevin or Reposse...

View this form

How to fill out Voting Trust Of Shares In Closely Held Corporation?

You have the capability to dedicate hours online searching for the legal documents template that meets the federal and state requirements you need.

US Legal Forms offers thousands of legal forms that have been reviewed by professionals.

You can obtain or create the Indiana Voting Trust of Shares in a Closely Held Corporation through this service.

If available, utilize the Preview button to review the document template as well.

If you already possess a US Legal Forms account, you may Log In and click on the Acquire button.
After that, you can complete, modify, create, or sign the Indiana Voting Trust of Shares in a Closely Held Corporation.
Every legal document template you purchase is yours forever.
To retrieve another copy of any acquired form, navigate to the My documents section and click on the respective button.
If you are using the US Legal Forms site for the first time, follow the simple steps outlined below.
First, ensure that you have selected the appropriate document template for your area/city of choice.
Review the form description to confirm you have chosen the correct document.

Form popularity

FAQ

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 shareholder agreement, on the other hand, is optional. This document is often by and for shareholders, outlining certain rights and obligations. It can be most helpful when a corporation has a small number of active shareholders.

The voting rights of equity shareholders can be summed up pretty simply: Investors of record who own shares of common stock are generally entitled to one vote per share, which they can cast at the annual shareholder meeting to shape company policy and potentially profitability.

Here are some of the ways a company may allow you to vote:In person. You may attend the annual shareholder meeting and vote at the meeting.By mail. You may vote by filling out a paper proxy card if you are a registered owner or, if you are a beneficial owner, a voting instruction form.By phone.Over the Internet.

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 trusts are operated by the current directors of the company.

Key Takeaways. Voting trust agreements allow shareholders to transfer their voting rights to a trustee, effectively giving temporary control of the corporation to the trustee.

Summary. A corporation is not required to have a shareholder agreement, but due to the flexibility of this document and what it can include, it is in the interest of shareholders to legalize such an agreement so as to protect their rights and the success of the corporation.

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.

A voting trust is a legal trust created to combine the voting power of shareholders by temporarily transferring their shares to the trustee. In exchange for their shares, shareholders receive certificates indicating they are beneficiaries of the trust.

Unlike voting trusts, voting agreements can be for any duration and do not need to be filed with the corporation.