It is illegal for shareholders to transfer their stock to a trust and give the trustee the power to vote the shares.

Question

Quizplus · Accepted Answer

It is not illegal for shareholders to transfer their stock to a trust and give the trustee the power to vote the shares. In fact, it is a common practice for estate planning purposes and can provide certain benefits to the shareholder and their beneficiaries. However, it is important to ensure that the trust is set up properly and in compliance with applicable laws and regulations.

It Is Illegal for Shareholders to Transfer Their Stock to a Trust