Not quite! A proxy is usually specific to voting and meetings, while a power of attorney gives someone broader authority to act on your behalf in various matters. Like, a proxy is good for one game, and a power of attorney is like having a player for the whole season!
If your proxy can’t make it, you might have to appoint someone else or follow the rules outlined in your proxy agreement. It’s like having a backup plan ready when your main player can’t show up.
You don’t necessarily need a lawyer. Setting up a proxy can often be as simple as filling out the right paperwork. But having a lawyer might save you some headaches, just in case.
With a revocable proxy, you sure can! It’s designed to be flexible, so if you change your mind about who’s representing you, just notify them. If it’s an irrevocable proxy, you’re stuck with it until a certain moment or condition.
You might need a proxy if you can’t make it to a meeting or vote in person. It’s like giving a buddy the green light to make decisions for you when you can’t be there.
A revocable proxy can be changed or canceled whenever you feel like it, while an irrevocable proxy is set in stone once you sign it. Think of it like taking a coaster off a drink; you can do it anytime with a revocable one, but not with an irrevocable.
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