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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 Cs contention correct?
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 Cs contention correct?
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Financial Accounting
Authors: David Spiceland
6th Edition
9781260786521
