Hawaii Agreement and Irrevocable Proxy

State:
Multi-State
Control #:
US-EG-9410
Format:
Word; 
Rich Text
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Description

Agreement and Irrevocable Proxy between _______ (Stockholder) and Wiser Investment Company, LLC regarding purchase of stocks dated December 13, 1999. 7 pages.
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FAQ

The quorum may also be set by law. Robert's Rules of Order Newly Revised states that the quorum set in an organization's bylaws "should approximate the largest number that can be depended on to attend any meeting except in very bad weather or other extremely unfavorable conditions."

As long as the organization's bylaws state that a proxy can be used to establish a quorum, it is perfectly acceptable to do so. In this case, the proxy vote only counts to establish the quorum ? nothing else. If a quorum cannot be established, the board chair must take appropriate action.

In simple terms, a condo proxy is a document that allows an owner to appoint someone to represent them at an owners' meeting. What this means is that if an owner cannot attend an owners' meeting, then the proxy can attend the meeting on the behalf of the owner.

Disabilities of proxy: A proxy has no right to speak at the meeting. A proxy cannot be a chairman in the meeting. He will not be counted in quorum.

A quorum is the minimum number of members that can conduct the HOA's business. In some cases, a voter or unit owner will designate someone else to be a "proxy" and cast his or her vote. The specific rules related to HOA quorums and proxies should be found within the bylaws for your condominium.

Representation by proxy is always revocable. As a general rule, the latest action carried out by the shareholder prior to holding the General Meeting shall be deemed to be valid. In any case, attendance to the General Meeting by the grantor, in person or by electronic means, shall result in the revocation of the proxy.

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Hawaii Agreement and Irrevocable Proxy