Voting Trust - Law Dictionary Search Results
Home Dictionary Name: voting trustvoting trust certificate
voting trust certificate : a certificate issued as evidence of the holder's beneficial interest in a voting trust ...
voting trust
voting trust see trust ...
trust
trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...
voting rights
voting rights 1 : rights of participation in esp. public elections see also Voting Rights Act in the Important Laws section 2 : the rights of shareholders or directors to vote on corporate matters compare voting stock at stock voting trust at trust ...
vote
vote [Latin votum vow, hope, wish] 1 a : a usually formal expression of opinion or will in response to a proposed decision ;esp : one given as an indication of approval or disapproval of a proposal, motion, or candidate for office b : the total number of such votes made known at a single time [got half the ] 2 : the collective opinion or preference of a body of persons expressed by voting 3 : the right to cast a vote ;specif : the right of suffrage 4 a : the act or process of voting [brought the question to a ] b : a method of voting vb vot·ed vot·ing vi 1 a : to cast or conduct a vote [ for acquittal] b : to exercise a political franchise [encourage people to ] vt 1 : to choose, endorse, decide the disposition of, defeat, or authorize by vote [ an appropriation] 2 : to cast votes on a corporate matter on the basis of [voted their shares against the proposed merger] ...
Casting vote
Casting vote, the vote given by the chairman or president of a deliberative assembly when the suffrages of the meeting are equal. The chairman, though not disqualified by law from voting, Nell v. Longbottom, 1894 (1) QB 767, is usually not entitled to vote in the first instance.The Speaker of the House of Commons (though he was no vote in the first instance) has a casting vote, and by the practice of the House gives it in favour of a motion or bill, so as to give opportunity for further consideration. So has the mayor or other chairman at a meeting of a town council (English) (Municipal Corporations Act, 1882 (45 & 46 Vict. c. 50), s. 22, and Sched. II., r. 11), and the Chairman of a (English) Country Council (Local) Government Act, 1888 (51 & 52 Vict. c. 41), s. 75), and the chairman of a parish meeting, or Parish Council (Local Government Act, 1894 (56 & 57 Vict. c. 73), Sched. I., Pt. 2, r. 8, and Pt. 3, r. 10). These Acts have been replaced, except in regard to London, by the Local...
Faggot votes
Faggot votes. A faggot vote is where a man is formally possessed of a right to vote for a member of Parliament, without possessing the substance which the vote should represent; as if he is enabled to buy a property, and at the same moment mortgage it to its full value for the mere sake of the vote; such a vote is called a faggot vote. The (English) Reform Bill of 1832 contained provisions which were directed against faggot voters. The Representation of the People Act, 1884, carried such provisions still further. Since the Representation of the People Act, 1918, the subject of faggot votes has become a matter of historical interest only....
Trust
Trust, is a comprehensive expression, as covering not only the relationship of trustee and beneficiary but also that a bailor and bailee master and servant pledger and pledgee, guardian and ward and all other relations which postulate the existence of fiduciary relationship between the complainant and the accused, State v. K.P. Jain, (1983) 2 Crimes 947 (All).Trust, is a trust for public purposes, the substances and primary intention of the creator must be seen, Shabbir Husain v. Ashiq Husain, AIR 1929 Oudh 225.Trust, is an obligation annexed to ownership. A trustee holds property 'subject' to an obligation, which the testator has imposed upon him, Mahadeo Ramchandra v. Damodar Vishwanath, AIR 1957 Bom 218: (1957) 59 Bom LR 478.Means any arrangement whereby property is transferred with intention that it be administered for another's benefit is a trust. It casts an obligation on the trustee to use the property for achieving the purpose for which the trust is created, Baba Jamuna Das Mah...
Vote of credit
Vote of credit, in England, in conditions of National Emergency or War Parliament is called for to pass a vote of credit as it is impossible to draw up a detailed estimate of expenditure, however, votes of credit are regarded as undesirable in principle, Office of the Speaker in the Parliament of Commonwealth Wilding and Philip Laundy, p. 256.Vote of credit, the Lok Sabha in Indian Parliament is authorized to make grant known as vote of credit for meeting an unexpected demand for money when the demand cannot be stated with details due to the magnitude or the indefinite character of the service, Constitution of India, Art. 116....
Trust for sale
Trust for sale. Trusts for sale of land were commonly crated in settlements and well-drawn wills. The effect was to convert realty into personalty so that the proceeds devolved upon the beneficiaries as personalty unless they elected to take the property as realty (see CONVERSION), except that upon a lapse of the devise of realty in the testator's lifetime the property resulted to the heir-at-law, Ackroyd v. Smithson, (1780) 1 Bro CC 503. Another and more practical consequence was that the whole estate was vested as a rule in the trustees so that with or without consent of any other person as directed by the donor or testator they could vest the whole estate in a purchaser without his seeing to the application of the purchase money (Trustee Act, 1893, s. 14), and without participation of beneficiaries whose consent was not required, thus providing an expedient, which, together with the Settled Land Acts and other statutes giving analogous powers to mortgagees, personal representatives ...
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