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voting trust

n. a trust which solicits vote proxies of shareholders of a corporation to elect a board of directors and vote on other matters at a shareholders' meeting. A voting trust is usually operated by current directors to insure continued control, but occasionally a voting trust represents a person or group trying to gain control of the corporation.

See also: corporation  proxy  shareholder  stockholder 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications