Revocable Proxy Definition For Dummies

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Description

A revocable proxy is a legal document that allows a stockholder to appoint another person as their representative to vote on their behalf at stockholder meetings. This proxy remains valid until the specified date or until it is revoked by the stockholder. The key features include the ability for the appointed proxy to exercise all voting rights as if the stockholder were present, and the provision for substitution and revocation of the proxy. Filling out the form requires the stockholder's name, the proxy's name, and the date up to which the proxy is valid. Editing is straightforward; users can change the proxy or revoke it at any time prior to the specified date. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it simplifies the voting process in corporate governance. It ensures that stockholders can manage their voting rights effectively, especially if they cannot attend the meetings in person. Having a revocable proxy in place provides flexibility and control over voting decisions, making it an essential tool in the business environment.

How to fill out Proxy - Revocable?

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FAQ

Some companies usually give a proxy form along with the Notice of Meeting for their members to fill out the form if they want to appoint a proxy to vote on their behalf. In this document, the member's name and address will be entered, as well as the name of the company and the full name of the proxy.

Definition for: Revocable Proxy. A "revocable proxy" is an authorization to a person to act on behalf of another party, which may be revoked at any time by the grantor of the proxy. The revocable proxy can set forth the specific authority granted and the term of the proxy.

Key Takeaways. A proxy is an agent legally authorized to act on behalf of another party. The proxy may also allow an investor to vote without being physically present at the annual shareholder's meeting.

Such a form generally requires the applicant to provide the following information: The applicant's personal details. The personal details of the proxy. The reason for requiring a proxy. A signed declaration giving the proxy authority to vote on the applicant's behalf.

The proxy server address can be the server's name or IP address. Enter the Port number. Typically, this number is 8080.

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Revocable Proxy Definition For Dummies