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A group of shareholders desire to have their shares voted as a block. Under those circumstances,...

A group of shareholders desire to have their shares voted as a block. Under those circumstances, the shareholders must,

- execute proxy statements

- transfer their shares to a special type of trust

- create an irrevocable living trust

- transfer their shares to a grantor

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Answer #1

When a group of shareholders wants to have their shares voted as a block, they must transfer their shares to a special type of trust. This special type of trust is called voting trust. A voting trust is a legal trust that votes in accordance with the desire of the shareholders. Therefore, the correct option is (b). All other options are incorrect as they do not involve a voting block.

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