2005 Idaho Code - 30-1-730 — VOTING TRUSTS

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 1
                        GENERAL BUSINESS CORPORATIONS
                                   PART 7.
                                 SHAREHOLDERS
    30-1-730.  VOTING TRUSTS. (1) One (1) or more shareholders may create a
voting trust, conferring on a trustee the right to vote or otherwise act for
them, by signing an agreement setting out the provisions of the trust, which
may include anything consistent with its purpose, and transferring their
shares to the trustee.  When a voting trust agreement is signed, the trustee
shall prepare a list of the names and addresses of all owners of beneficial
interests in the trust, together with the number and class of shares each
transferred to the trust, and deliver copies of the list and agreement to the
corporation's principal office.
    (2)  A voting trust becomes effective on the date the first shares subject
to the trust are registered in the trustee's name.  A voting trust is valid
for not more than ten (10) years after its effective date unless extended
under subsection (3) of this section.
    (3)  All or some of the parties to a voting trust may extend it for
additional terms of not more than ten (10) years each by signing written
consent to the extension.  An extension is valid for ten (10) years from the
date the first shareholder signs the extension agreement.  The voting trustee
must deliver copies of the extension agreement and list of beneficial owners
to the corporation's principal office.  An extension agreement binds only
those parties signing it.