Voting Trust

Voting Trust means:
a trust that results when two or more shareholders in a corporation transfer their shares to one or more persons as trustees. The sole authority of the trustees is to vote the shares during the term of the trust. Certificates of beneficial interest are issued by the trustees to the depositing shareholders, who retain their right to receive dividends. The trust itself has no income or expenses, files no income tax returns, and is only an agent of the depositing shareholders. A voting trust can be used in a corporation of any size but usually is present only in closely held corporations.

State Income Tax

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.