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Business, 16.04.2020 20:43 leeahnnfoster

"A", a shareholder of X Corp., gives to Y Bank the shares of stock "A" owns in X Corp. as security for the repayment of a loan (i. e. a pledge) for so long as there is a balance due on the loan. The pledge states that Y Bank may vote the shares in any manner, and that this proxy is irrevocable. A now claims that the proxy is revocable. Should "A" be successful?

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"A", a shareholder of X Corp., gives to Y Bank the shares of stock "A" owns in X Corp. as security f...

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