An extension of a voting trust for an additional term binds only those shareholders that consent to the extension.

Name: An extension of a voting trust for an additional term binds only those shareholders that consent to the extension.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

This is in accordance with the principles of corporate law, which state that agreements and contracts only bind those who voluntarily give their consent. Therefore, if a shareholder does not agree to extend the voting trust, they are not bound by it.

An Extension of a Voting Trust for an Additional Term