Proxy refers to someone who is authorized to serve in one's place at a meeting, especially with the right to right to vote on behalf of another. It may be written authority given to someone to act or vote in someone's place. A proxy is often used as a method for stockholders to cast votes at a meeting of shareholders, and by board members and convention delegates.
Proxy voting refers to the procedure of delegating the right to vote by one person to another. In proxy voting in the absence of a person his/her vote will be secured by some other person. A person so designated to cast the vote of another is called a "proxy" and the person who delegates the power is called a principal. A voter must have a trust in the proxy. Any person including the official of the chosen party can be appointed as the proxy.
The Arkansas Irrevocable Proxy is a legal document that grants an individual or entity the authority to act on behalf of another person regarding specific actions or decisions. It is important to note that once this proxy is executed, it cannot be revoked or changed without the consent of the proxy holder. Keywords: Arkansas Irrevocable Proxy, legal document, authority, act on behalf, actions, decisions, executed, revoked, consent, proxy holder Types of Arkansas Irrevocable Proxy: 1. Health Care Proxy: This specifically allows the proxy holder to make medical decisions on behalf of the granter when they are unable to do so. It covers situations such as treatments, surgeries, and end-of-life decisions. 2. Financial Proxy: This type of proxy grants the proxy holder the power to handle the granter's financial matters, including managing investments, paying bills, and making transactions. It is often used when the granter is incapacitated or unavailable. 3. Voting Proxy: With this proxy, the proxy holder is authorized to vote on behalf of the granter during meetings, elections, or shareholder votes. It is commonly used in corporate settings or organizations where shareholders or members can delegate their voting rights. 4. Real Estate Proxy: This type of proxy delegates the authority to the proxy holder to make decisions and carry out actions relating to real estate matters, such as buying or selling property, signing contracts, or managing rental properties. Remember, the specific terms and conditions of an Arkansas Irrevocable Proxy may vary, so it is advisable to consult a lawyer or legal professional to ensure compliance with state laws and to address individual needs and requirements.
