A, as owner of a certain number of shares of stock in X corporation, entered into a
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Question:
“A”, as owner of a certain number of shares of stock in X corporation, entered into a voting trust agreement (VTA) with
B. On the basis of the VTA, B announced his desire to run for a seat in the Board of Directors of X Corporation.
C, another stockholder, objected and questioned the eligibility of B to be a director of X corporation. Is C’s contention correct?
Expert Answer:
NO A voting trust agreement is agreement in which shareholders with voting rights transfer their sha... View the full answer
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