House committee substitute makes the following changes to the 2nd edition.

Amends GS 55-7-30 to provide that a voting trust that became effective prior to October 1, 2018 (was, October 1, 2017), is valid for no more than 10 years after its effective date unless the voting trust is amended to provide otherwise by agreement of the parties to the voting trust.

Amends GS 55-7-31 to provide that a voting agreement authorized by the statute in subsection (a) that became effective prior to October 1, 2018, (was, prior to October 1, 2017) is valid between the parties for not more than 10 years after its effective date or, if later, the effective date of the most recent extension or renewal of the voting agreement, unless it is amended after October 1, 2018 (was, October 1, 2017), to provide otherwise by agreement of the parties.

Changes the effective date of the act from October 1, 2017, to October 1, 2018.