# kaal:claim:3017612-006

**Claim.** Duration ceilings contained in voting trust statutes do not carry over to other types of shareholder agreements, and courts have repeatedly sustained shareholder agreements intended to run indefinitely.

**Type.** condition  **Support.** evidenced

**Holds when.**

- agreements other than voting trusts

**Source quote.**

> Duration limitations in the voting trust statutes do not apply to other types of shareholders' agreements.15 Numerous decisions have sustained shareholders' agreements which were to remain in effect indefinitely.

**From.** Wulf A. Kaal, *Shareholder Agreements - National Report of the United States of America* (2017), II. Regulation of Shareholders' Agreements, page 4

**Cite as.** Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

**Verify.** sha256 of source PDF `33821db406f92efbe1698fbaed37687595c13b7ce5463b4a879df679fd4af1ac` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Shareholder%20Agreements%20-%20National%20Report%20of%20the%20United%20States%20of%20America.pdf

**Topics.** reputation, governance-design, compliance

**Keywords.** duration-limits, voting-trusts, perpetual-agreements, judicial-enforcement

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