Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
The District of Columbia Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder or member of a corporation to revoke previously granted proxy authority. In corporate law, a proxy is a written authorization given by a shareholder or member of a corporation that allows another person (the proxy holder) to vote on their behalf at a shareholders' meeting or member's meeting. The District of Columbia Revocation of Proxy — Corporate Resolutions document is designed to be used specifically in the District of Columbia and complies with the state's laws and regulations governing corporate governance. It is an essential tool for exercising control over voting rights and ensuring that shareholder or member preferences are accurately represented during crucial decision-making processes. This legal document includes various important aspects. Firstly, it typically identifies the person who granted the proxy initially, referred to as the "Granter." Essential details such as the Granter's name and address, as well as the corporation's name, are specified. The document may also require information about the proxy holder, such as their name and contact details. The District of Columbia Revocation of Proxy — Corporate Resolutions includes a section that explicitly revokes any previously granted proxy authorization. It is crucial to ensure that this section is filled out correctly and clearly states the revocation of all proxy authorities previously given. By doing so, the document legally cancels any rights previously assigned to the proxy holder, effectively revoking their power to vote on behalf of the Granter. Furthermore, it is crucial to note that while the document revokes a proxy, it does not necessarily mean that the Granter loses their ability to vote altogether. Instead, it allows the Granter to regain control over their voting rights, making decisions about corporate matters independently. Different types of District of Columbia Revocation of Proxy — Corporate Resolutions may vary based on the specific requirements of corporations or shareholders. For instance, some variations may address different committee proxies, such as Finance Committee proxy or Nominating Committee proxy. These variations ensure that the revocation is limited to a specific committee or group, rather than revoking all proxy authority entirely. Overall, the District of Columbia Revocation of Proxy — Corporate Resolutions is a significant legal document that empowers shareholders or members of a corporation to maintain control over their voting rights and ensures that their preferences are properly represented during corporate decision-making processes.
