2012 New York Consolidated Laws
BSC - Business Corporation
Article 6 - (601 - 630) SHAREHOLDERS
621 - Voting trust agreements.

 
  § 621. Voting trust agreements.
    (a) Any  shareholder  or  shareholders, under an agreement in writing,
  may transfer his or their shares to a voting trustee or trustees for the
  purpose of conferring the  right  to  vote  thereon  for  a  period  not
  exceeding  ten  years  upon the terms and conditions therein stated. The
  certificates  for  shares  so  transferred  shall  be  surrendered   and
  cancelled  and  new  certificates  therefor  issued  to  such trustee or
  trustees stating that they are issued under such agreement, and  in  the
  entry of such ownership in the record of the corporation that fact shall
  also  be  noted,  and  such  trustee  or trustees may vote the shares so
  transferred during the term of such agreement.
    (b) The trustee or trustees shall keep  available  for  inspection  by
  holders  of  voting  trust  certificates  at his or their office or at a
  place designated in such agreement or of which  the  holders  of  voting
  trust  certificates  have been notified in writing, correct and complete
  books and records of  account  relating  to  the  trust,  and  a  record
  containing  the  names  and  addresses of all persons who are holders of
  voting trust certificates and the number and class of shares represented
  by the certificates held by them and the  dates  when  they  became  the
  owners  thereof.  The  record  may  be in written form or any other form
  capable of being converted into written form within a reasonable time.
    (c) A duplicate of every such agreement shall be filed in  the  office
  of  the  corporation  and  it and the record of voting trust certificate
  holders  shall  be  subject  to  the  same  right  of  inspection  by  a
  shareholder  of  record  or  a  holder of a voting trust certificate, in
  person or by agent or attorney, as are the records  of  the  corporation
  under  section  624 (Books and records; right of inspection, prima facie
  evidence).   The shareholder or holder of  a  voting  trust  certificate
  shall be entitled to the remedies provided in that section.
    (d) At any time within six months before the expiration of such voting
  trust  agreement  as  originally  fixed or as extended one or more times
  under this paragraph, one or more holders of voting  trust  certificates
  may,  by  agreement in writing, extend the duration of such voting trust
  agreement, nominating the same or substitute trustee or trustees, for an
  additional period not exceeding  ten  years.  Such  extension  agreement
  shall  not  affect  the  rights  or  obligations  of persons not parties
  thereto and  shall in every respect comply with and be  subject  to  all
  the  provisions  of this section applicable to the original voting trust
  agreement.