Which of the following is true?
A) Voting trusts and voting agreements both require a transfer of stock certificates to a trustee.
B) In a voting trust, the shareholder grants the trustee the right to vote the shares, but in a voting agreement, the shareholders vote their own shares.
C) Voting agreements, but not voting trusts, must be accompanied by proxies executed by the shareholders.
D) Voting trusts are irrevocable, while voting agreements can be either revocable or irrevocable.
E) Voting agreements cannot extend for more than ten years.
Correct Answer:
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