(a) Any number of shareholders of a corporation may create a voting trust for the purpose of conferring upon a trustee or trustees the right to vote or otherwise represent their shares, for a period of not to exceed ten (10) years, by entering into a written voting trust agreement specifying the terms and conditions of the voting trust, by depositing a counterpart of the agreement with the corporation at its registered office, and by transferring their shares to the trustee or trustees for the purposes of the agreement.
(b) The counterpart of the voting trust agreement so deposited with the corporation shall be subject to the same right of examination by a shareholder of the corporation, in person or by agent or attorney, as are the books and records of the corporation and shall be subject to examination by any holder of a beneficial interest in the voting trust, either in person or by agent or attorney, at any reasonable time for any proper purpose.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 26 - Business Corporations Generally
§ 4-26-701. Shareholders' meetings generally
§ 4-26-702. Closing of transfer books and fixing record date
§ 4-26-703. Shareholders' meetings — Notice — Special meetings
§ 4-26-704. Shareholders' meetings — List of shareholders entitled to vote
§ 4-26-705. Shareholders' meetings — Quorum — Adjournment
§ 4-26-708. Voting of shares — Consent to corporate action
§ 4-26-709. Greater voting requirements
§ 4-26-710. Action by shareholders without a meeting
§ 4-26-712. Shares without preemptive rights — Corporate powers and limitations
§ 4-26-713. Right to dissent no bar to other legal actions
§ 4-26-714. Shareholders' actions