In a nominated agreement, the rightful owner has no rights to the property he holds, nor to their income, and he cannot act without the instructions of the rightful owner. The preferred owner may also terminate the relationship at any time and has the absolute right to all benefits arising from assets. This statement of trust template is not suitable for creating a discretion box, in which case you should use our trust deed template. They also describe the rights of shareholders, such as. B the current receipt of dividends; procedures in the event of a merger, such as consolidation or dissolution of the company; and the obligations and rights of directors, for example. B for which votes are used. In some voting Russias, the proxy may also be granted additional powers, such as the freedom to sell or exchange shares. Voting trust agreements are usually operated by the current directors of a company as a counter-measure to hostile acquisitions. However, they can also be used to represent a person or group trying to take control of a company – for example.
B creditors of the enterprise who might wish to reorganize a bankrupt enterprise.. . . .