An arrangement by which stockholders turn over their voting rights (generally for directors only) to a small group of individuals called voting trustees. The original stock certificates are registered in the name of the voting trustees and held in trust, the stockholders receiving instead other certificates called “voting trust certificates” (abbreviation v.t.c.). Voting trusts generally run for five years. They usually give the v.t.c. holders all the privileges of the deposited securities, except that of voting.