Voting Proxy Agreement For Mutual Funds

State:
Multi-State
Control #:
US-EG-9182
Format:
Word; 
Rich Text
Instant download

Description

The Voting Proxy Agreement for Mutual Funds is a crucial document that outlines the voting agreement between a stockholder and a buyer regarding the merger of companies. This form ensures that the stockholder votes their shares in favor of the merger and against any competing transactions during shareholder meetings. It also provides legal assurances by granting the buyer an irrevocable proxy to vote the stockholder's shares, securing the buyer's interest in the merger. Key features include restrictions on the transfer of shares and explicit representations about the ownership and rights of the stockholder. The utility of this form is significant for attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies the obligations and rights of parties involved in mergers. It aids legal professionals in maintaining compliance and protecting their clients' interests during merger transactions. Filling and editing instructions are straightforward, requiring accurate completion of ownership details and signatures to ensure enforceability. Specific use cases for this form include facilitating corporate mergers and helping to solidify agreements between shareholders and buyers in mutual fund contexts.
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FAQ

That's because for centuries the law has sensibly said that the suppliers of equity capital should choose their stewards and weigh major corporate changes. But if you hold shares through an index fund, mutual fund or retirement account, the fund managers usually decide how to vote your interests.

Proxy contest: When a shareholder or group of shareholders take voting on certain corporate actions (director nominees, mergers) directly to all shareholders without the support of the company or its board.

Proxy statements must disclose the company's voting procedure, nominated candidates for its board of directors, and compensation of directors and executives. The proxy statement must disclose executives' and directors' compensation, including salaries, bonuses, equity awards, and any deferred compensation.

A proxy vote is a ballot cast by one person or firm for a company's shareholder who can't attend a meeting, or who doesn't want to vote on an issue. Prior to a company's annual meeting, eligible shareholders may receive voting and proxy information before a shareholder vote.

Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external.

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Voting Proxy Agreement For Mutual Funds