Voting

trust certificate. When the stock of a company is lodged in a voting trust so that the voting power of the stock is confided to the trustees of the voting trust (commonly designated voting trustees) certificates or receipts for it, called voting trust certificates, are i ued in place of and represent ownership of the stock. The certificates are dealt in and transferred the same as the stock and when the voting trust terminates or is di olved the certificates are exchanged for the stock itself. If dividends are declared on the stock while the voting trust is in force they are paid to the holders of the voting trust certificates. The certificates, in brief, are in all respects the equivalent of the stock, with the exception that they do not po e voting power.