The Oregon Voting Trust Agreement is a legal document that establishes a trust relationship between a shareholder and a voting trustee. This agreement involves the transfer of shareholder's voting rights to the voting trustees, who hold and exercise these rights on behalf of the shareholder. This arrangement is typically made when a shareholder wants to temporarily or permanently transfer their voting rights to a trusted third party. The shareholder issues their share certificates into the care of a depository, who then transfers the certificates to the voting trustees. The voting trustees are named in the agreement and have the authority to vote on behalf of the shareholder for any matters requiring shareholder approval. There may be different types of Oregon Voting Trust Agreements that vary based on the duration and purpose of the voting trust: 1. Temporary Voting Trust: This type of agreement is established for a specific period. It allows the shareholder to temporarily transfer their voting rights, usually for a specified event or purpose, after which the voting rights are returned to the shareholder. 2. Permanent Voting Trust: In this type of agreement, the shareholder permanently transfers their voting rights to the voting trustees. This can occur in situations where the shareholder wants to maintain ownership of the shares but wishes to entrust the voting decisions to someone else indefinitely. 3. Revocable Voting Trust: This type of voting trust agreement allows the shareholder to retain the power to revoke or reclaim their voting rights at any time during the trust period. The agreement usually specifies the conditions under which the shareholder can exercise this right. 4. Irrevocable Voting Trust: Unlike the revocable trust, the irrevocable voting trust agreement does not allow the shareholder to reclaim their voting rights once transferred to the voting trustees. This type of agreement is considered more binding and permanent. It's important to note that these types of voting trust agreements may have variations in their terms and conditions, and they should be carefully drafted to suit the specific needs and intentions of the parties involved. Consulting with legal professionals is advisable to ensure compliance with Oregon state laws and specific shareholder requirements.
Oregon Voting Trust Agreement which provides that the shareholder has issued certificates in the care of the depositary in the name of the voting trustees
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How to fill out Oregon Voting Trust Agreement Which Provides That The Shareholder Has Issued Certificates In The Care Of The Depositary In The Name Of The Voting Trustees?
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