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The Supreme Court ruled that (1) the execution of a voting trust agreement deprives stockholders of their position as directors by transferring legal ownership of their shares to the trustee, and (2) service of summons on a corporation through former officers is not valid after a voting trust agreement transfers ownership, as the corporation has a separate legal personality from its officers. The petitioners ceased to be directors of ALFA after executing a voting trust agreement transferring their shares to

Author

Vicco G . Piodos

Language

EN