Which of the Following Is True

question 6

Multiple Choice

Which of the following is true?

• A) Voting trusts and voting agreements both require a transfer of stock certificates to a trustee.
• B) In a voting trust, the shareholder grants the trustee the right to vote the shares, but in a voting agreement, the shareholders vote their own shares.
• C) Voting agreements, but not voting trusts, must be accompanied by proxies executed by the shareholders.
• D) Voting trusts are irrevocable, while voting agreements can be either revocable or irrevocable.
• E) Voting agreements cannot extend for more than ten years.