True of a valid voting trust

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Which of the following is not true of a valid voting trust?

It must be in writing, filed with the corporation, and have a maximum duration of ten years.

The trustees are vested with legal title to the shares for the duration of the trust, including full authority to vote the shares in accordance with the trust agreement.

Shareholders can use the voting trust as an indirect way to control the corporation.

All of the above are true.

Reference no: EM13296464

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