Pooling agreements are:
A)illegal as against public policy.
B)the same as voting trusts.
C)valid if filed with the corporation's secretary.
D)none of the above

Question

Quizplus · Accepted Answer

Pooling agreements and voting trusts are not the same; pooling agreements involve shareholders agreeing on how their shares will be voted, while voting trusts typically involve shareholders transferring their shares to a trustee. The legality of pooling agreements and the requirement for filing with the corporation's secretary can vary depending on jurisdiction, but they are not inherently illegal or always required to be filed, making none of the provided statements universally correct.

Pooling Agreements Are