Voting-Trust Certificate Law and Legal Definition
Voting-trust certificate refers to a certificate issued by a voting trustee to the beneficial holders of shares that is held by the voting trust. The most important feature of a voting-trust certificate is that it is readily transferable. When transferred, it carries with it all incidents of ownership, except the power to vote.
The holders of voting-trust certificates, generally are spoken of as equitable owners whose rights, are protected in equity in accordance with the principles applicable to trusts.[ Jesser v. Mayfair Hotel, Inc., 316 S.W.2d 465 (Mo. 1958)].
