One or more shareholders may create a voting trust, conferring on one or more trustees the right to vote or otherwise act for them, by signing an agreement setting out the provisions of the trust and transferring their shares to the trustee or trustees. The agreement may contain any lawful provision not inconsistent with the purposes of the trust.

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Terms Used In Arizona Laws 10-730

  • Shares: means the units into which the proprietary interests in a corporation are divided. See Arizona Laws 10-140
  • Trustee: A person or institution holding and administering property in trust.
  • trustees: means individuals, designated in the articles of incorporation or bylaws or elected by the incorporators, and their successors and individuals elected or appointed by any other name or title to act as members of the board. See Arizona Laws 10-3140
  • Vote: includes authorization by written ballot and written consent. See Arizona Laws 10-3140
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