Section 3.15 To Exercise Stock or Security Rights

• Library: Trusts and Powers 2013 Supp

7. (§3.15) To Exercise Stock or Security Rights

Section 456.8-816(7), RSMo Supp. 2005, provides the trustee with specific powers with respect to stock or other securities, to exercise the rights of an absolute owner, including the right to vote or give proxies to vote with or without power of substitution or to enter into or continue a voting trust arrangement. Counsel should note that § 351.260, RSMo 2000, regarding Missouri business corporations, provides that the shares must be transferred into the name...