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 Illinois Revocation of Proxy — Corporate Resolutions refers to a legal document used in the state of Illinois to cancel or terminate a previously granted proxy by a shareholder of a corporation. A proxy is a written authorization that allows another person or entity (known as the proxy holder) to vote on behalf of a shareholder during corporate meetings or other decision-making processes. The revocation of proxy is essential in cases where a shareholder wants to change their voting preference or take back the authority given to a proxy holder to ensure their vote accurately reflects their current position. This document serves as an official declaration of the revocation and invalidates any previous proxy authorization. It is important to note that there may be different types of Illinois Revocation of Proxy — Corporate Resolutions, depending on the specific circumstances or requirements of the corporation. These variations could include revocations based on specific events, time limits, or conditions mentioned in the original proxy authorization. However, a general revocation of proxy would typically state the name of the corporation, the shareholder's name, the date of the original proxy authorization, and the effective date of the revocation. Keywords: Illinois, revocation of proxy, corporate resolutions, legal document, shareholder, corporation, proxy holder, voting, decision-making, meetings, authorization, revocation, proxy authorization, declaration, invalidates, specific circumstances, requirements, events, time limits, conditions, general revocation.
