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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: III THE LAW OF VOTING TRUSTS The law relating to voting trusts was earlier somewhat uncertain, due in part to a lack of thoroughness and of exact analysis in many of the decisions on the subject, and due also in part to the fact that in a considerable proportion of the cases, no appeal having been taken, the state of the law rested on the opinion of a court of first instance. Suits involving the validity or effect of voting trusts have usually been commenced shortly before corporate elections and coupled with an application for an injunction, the decision on which has substantially determined the case so far as the pending election might be concerned, after which, unless substantial interests were at stake, the question at issue in the particular case has been permitted to become largely academic. Thus in the early litigation relating to the voting trusts in the Cincinnati, Hamilton and Dayton and in the Pittsburg and Lake Erie, no decision by a higher court was secured; the sequel in the latter case being the purchase of the control of the stock by the Vanderbilt interests. In the case of the Shepaug voting trust no appeal was taken, and the refusal of the courts to enjoin the Philadelphia and Reading voting trustees from voting the stock held by them wasapparently not reviewed. Nevertheless, questions relating to voting trusts have been before the courts in variety and frequency sufficient to produce a substantial body of law, from a brief review of which may be derived some principles familiar to lawyers and also not beyond the experience of laymen. The commonest and also the most indefinite test applied to the validity of a voting trust has been its relation to public policy. The application of this rule has been as elastic as were the earlier standards of equitable rel...
| ISBN-13 | 9780217416269 |
|---|---|
| ISBN-10 | 0217416268 |
| Weight | 0.53 Pounds |
| Dimensions | 9.00 x 6.00 x 0.36 In |
| List Price | $19.99 |
| Format | Paperback |
|---|---|
| Pages | 156 pages |
| Publisher | |
| Published On | 2009-08-01 |
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