Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
Arizona Revocation of Proxy - Corporate Resolutions
Category:
State:
Multi-State
Control #:
US-0024-CR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Revocation Of Proxy - Corporate Resolutions?
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FAQ
Proxy is a stand-in for someone else, the authority to stand-in for or represent someone else, or a document giving permission for someone else to vote on your behalf. An example of proxy is someone who is named to make health care decisions for you if you are unable to do so.
Proxy forms must be in writing and they must be signed and dated by the record owners and their attorneys; otherwise, the vote is invalid. The term of the proxy is 10 months from the date of issuance. Shareholders or unit owners may use multiple proxies, but the latest one is the only valid one.
Every proxy continues in full force and effect until revoked by the person executing it prior to the vote pursuant thereto, except as otherwise provided in this section.
A proxy is: (a) a written document; (b) issued by a member of an association; and (c) providing authority of another individual to act on behalf of such member. The individual being appointed as the proxy-holder does not need to be a member of the association to be appointed.
The appointment of a proxy may be revoked by the Member who appointed the proxy by notice to the Company from the Member or, as the case may be, the duly authorised attorney of the Member, stating that the appointment of a proxy is revoked or by appointing a new proxy. Revocation of Proxy.
A proxy does not have to be on a specific prescribed form, and many boards and attorneys will accept proxies that are faxed, emailed, or sent via other electronic means.
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.
A proxy may in law be either general or special. A general proxy authorizes the person to whom it is entrusted to exercise general discretion throughout the matter in hand, while a special proxy limits the authority to some special proposal or resolution.
Members may authorize a proxy to speak or vote on their behalf. Proxies can vote by a show of hands or on an official ballot.
