                                 CODE OF VIRGINIA

VOTING TRUSTS (§ 13.1-670)

A. 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 voting trust beneficial owners, together with the number and class or
series of shares each transferred to the trust, and deliver copies of the list
and agreement to the corporation at its principal office.

B. A voting trust becomes effective on the date the first shares subject to the
trust are registered in the trustee&#8217;s name.

C. Limits, if any, on the duration of a voting trust shall be as set forth in
the voting trust, except that a voting trust that became effective prior to July
1, 2015, is valid for not more than 10 years after its effective date unless
some or all of the parties to the voting trust extend it by signing a written
consent to the extension.

D. Any consent to an extension signed by less than all of the parties to the
voting trust binds only the parties signing it.
			The voting trustee shall deliver copies of any consent to extension and the
list of beneficial owners to the corporation&#8217;s secretary at the
corporation&#8217;s principal office.

HISTORY: Code 1950, § 13.1-34; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2005,
c. 765; 2015, c. 611; 2019, c. 734.