§ 2-510. Voting trust

Latest version.

   One or more stockholders of a corporation may confer the right to vote or otherwise represent their stock to a trustee by:

   (1) Entering into a written voting trust agreement which specifies the terms and conditions of the voting trust;

   (2) Depositing an executed copy of the agreement with the corporation at its principal office; and

   (3) Transferring their stock for purposes of the agreement to a trustee.

HISTORY: An. Code 1957, art. 23, § 45; 1975, ch. 311, § 2; 1991, ch. 180; 1997, ch. 723; 2009, chs. 295, 296.

                    
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