### Question
What is the definition of voting securities?


### Answer
The definition of **voting securities** is as follows in *15 U.S.C. § 18a*:

> any securities which at present or upon conversion entitle the owner or holder thereof to vote for the election of directors of the issuer or, with respect to unincorporated issuers, persons exercising similar functions

#### Citation:
  - *15 U.S.C. § 18a*
  - Heading: **CHAPTER 1-MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE**

