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Persons holding stock in a fiduciary capacity shall be entitled to vote the shares so held. Persons whose stock is pledged shall be entitled to vote, unless in the transfer by the pledgor on the books of the corporation such person has expressly empowered the pledgee to vote thereon. In which case only the pledgee, or such pledgee’s proxy, may represent such stock and vote thereon.\nHistory —Dec. 16, 2009, No. 164, § 7.07.