Arizona Revocable or Irrevocable Proxy

State:
Multi-State
Control #:
US-01581
Format:
Word; 
Rich Text
Instant download

Description

This is a proxy form, by which a shareholder grants their vote to a proxy who will cast the vote for them. Typically used in corporate shareholder meeting votes. Proxys solicit the votes before the meeting, and obtain the proxy forms.

How to fill out Revocable Or Irrevocable Proxy?

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FAQ

Arizona statute 33 1250 addresses the powers and limitations of proxies in real estate transactions. It outlines the requirements for both revocable and irrevocable proxies, ensuring clarity in their use. Understanding this statute is essential for anyone dealing with an Arizona Revocable or Irrevocable Proxy to ensure compliance with the law. For comprehensive guidance on these legal matters, consider using the resources available at UsLegalForms.

To revoke a proxy in Arizona, you must follow a few clear steps. First, create a written document stating your intent to revoke the Arizona Revocable or Irrevocable Proxy. Next, ensure that this document is signed and dated by you. Finally, deliver this revocation to the proxy holder and any involved parties to prevent any further actions under the previous proxy agreement.

Yes, a proxy can be irrevocable in Arizona under certain conditions. An Arizona revocable or irrevocable proxy allows you to appoint someone to act on your behalf, but an irrevocable proxy requires that you give up your right to revoke it. This arrangement is often useful for specific legal or financial obligations where you want to ensure that your wishes are carried out without change. If you need assistance navigating these options, consider using the US Legal Forms platform to access reliable documents and guidance tailored to your needs.

Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

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.

For a proxy vote, it is a temporary arrangement for a one-time issue; whereas, for a voting trust, it gives the trustees increased power to make decisions on behalf of all shareholders to control the company, which differs from proxy voting in terms of how much power is allocated.

The irrevocable proxy is an enforceable power given by an owner to. exercise his voting rights independently of his future consent. He may. accomplish the same result through a voting or pooling contract, or by. means of a voting trust.

A proxy agreement is an agreement that grants authority for an individual to do legal tasks for another individual. An example of this would be when a shareholder assigns permission to a person to vote on their behalf.

An enforceable power granted by the owner to another party to exercise his voting rights independently without requiring his consent.

In general, a proxy is revocable, but it may be made irrevocable if the proxy is expressly stated to be irrevocable and it is "coupled with an interest." Typical situations that make the proxy "coupled with an interest" are: (1) where the proxy holder has purchased or agreed to purchase the shares, (2) the proxy holder

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Arizona Revocable or Irrevocable Proxy