§ 1760. Voting by fiduciaries and pledgees.
97 words·~1 min read·
/pa/title-15/chapter-17/1760A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1760. Voting by fiduciaries and pledgees.
Shares of a business corporation standing in the name of a trustee or other fiduciary and shares held by an assignee for the benefit of creditors or by a receiver may be voted by the trustee, fiduciary, assignee or receiver. A shareholder whose shares are pledged shall be entitled to vote the shares until the shares have been transferred into the name of the pledgee, or a nominee of the pledgee, but nothing in this section shall affect the validity of a proxy given to a pledgee or nominee.
15c1761s