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
"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? Why/why not?
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Managing the Law The Legal Aspects of Doing Business
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
4th edition
133151565, 978-0132164429
