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Voting Trust Agreement between Oce-van der Grinten...

Maryland Voting Trust Agreement between Oce-van der Grinten, N.Y., Voting Trustees, The Central Trust Company N.A., and ACCESS Corp.

Name: Maryland Voting Trust Agreement between Oce-van der Grinten, N.Y., Voting Trustees, The Central Trust Company N.A., and ACCESS Corp.
Brand: US Legal Forms
Rating: 4.58 (388 reviews)

Category:

Corporations - Shareholders and Stock

State:

Multi-State

Control #:

US-C-4-298

Format:

Instant download

Description

This is a multi-state form covering the subject matter of the title.

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How to fill out Maryland Voting Trust Agreement Between Oce-van Der Grinten, N.Y., Voting Trustees, The Central Trust Company N.A., And ACCESS Corp.?

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FAQ

The voting trust agreement filed with the corporation shall be subject to examination by any stockholder of the corporation in the same manner as any other corporate book or record: Provided, That both the transferor and the trustee or trustees may exercise the right of inspection of all corporate books and records in

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.

One of your key rights as a shareholder is the right to vote your shares in corporate elections. Shareholder voting rights give you the power to elect directors at annual or special meetings and make your views known to company management and directors on significant issues that may affect the value of your shares.

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 an arrangement whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period of time (the "trust period").

A voting trust can be revocable or irrevocable; typically they are irrevocable for a period of years, or for life of the key person, or until the company is sold. But any other arrangement that suits the objectives and is within the law can be made as well.

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.

Although common shareholders typically have one vote per share, owners of preferred shares often do not have any voting rights at all. Typically, only a shareholder of record is eligible for voting at a shareholder meeting.

In exchange for their shares, shareholders receive certificates indicating they are beneficiaries of the trust. The trustee is often obligated to vote in accord with the wishes of these participating shareholders.

A voting trust agreement is a contractual agreement in which shareholders with voting rights transfer their shares to a trustee, in return for a voting trust certificate. This gives the voting trustees temporary control of the corporation.

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TERMS AND CONDITIONS Trustee is responsible for the accuracy of any documents which are used to establish or to enforce any provisions of this Agreement. Any material differences between this Agreement and the Trust Agreement are noted in this Agreement. If any provision of this Agreement conflicts with the terms of this agreement and is unenforceable, then this agreement shall control. This Agreement is made and entered into in the State of New York, and you hereby acknowledge that any failure to enforce any provision of this Agreement hereunder by NMT Securities Corporation shall not be considered a waiver to NMT Securities Corporation and, consequently, the enforceability of any such provision will not be affected.

Maryland Voting Trust Agreement between Oce-van der Grinten, N.Y., Voting Trustees, The Central Trust Company N.A., and ACCESS Corp.

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How to fill out Maryland Voting Trust Agreement Between Oce-van Der Grinten, N.Y., Voting Trustees, The Central Trust Company N.A., And ACCESS Corp.?

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How does a voting trust work in a corporation?

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Do shareholders have voting rights?

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Is a voting trust revocable?

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