2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.730 - VOTING TRUSTS.

        490.730  VOTING TRUSTS.
         1.  One 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 years after its effective date
      unless extended under subsection 3.
         3.  All or some of the parties to a voting trust may extend it for
      additional terms of not more than ten years each by signing an
      extension agreement and obtaining the voting trustee's written
      consent to the extension.  An extension is valid for ten 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.  
         Section History: Recent Form
         89 Acts, ch 288, §69
         Referred to in § 490.731, 534.504

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