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Retirement Security Law Commons

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Legislation

University of Michigan Law School

1977

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Full-Text Articles in Retirement Security Law

Employee Stock Ownership Plans, Voting Rights, And Plant Closings, Jonathan Barry Forman Oct 1977

Employee Stock Ownership Plans, Voting Rights, And Plant Closings, Jonathan Barry Forman

University of Michigan Journal of Law Reform

After examining the structure and tax consequences of ESOPs, this note will argue that ESOPs should guarantee employees full voting rights over securities transferred to them under such plans. This note will also propose that ESOPs can be used in employee takeovers of corporations as part of a plan to help prevent plant closings.