Maine Revocation of Proxy

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US-03124BG
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Description

Proxy voting refers to the procedure of delegating the right to vote by one person to another. In proxy voting in the absence of a person his/her vote will be secured by some other person. A person so designated to cast the vote of another is called a "proxy" and the person who delegates the power is called a principal. A voter must have a trust in the proxy. Any person including the official of the chosen party can be appointed as the proxy.

A proxy can also be revoked unless the terms of the proxy say otherwise.

Maine Revocation of Proxy is a legal document that allows an individual to revoke or cancel a previously authorized proxy. A proxy is a person or entity appointed to represent another person in making decisions or voting on their behalf. It is commonly used in corporate settings during shareholder meetings or for voting on specific matters. Revocation of Proxy in Maine is a crucial mechanism that enables an individual to withdraw the authority granted to their proxy, effectively invalidating any previous instructions or decisions made on their behalf. This revocation can be done at any time before the scheduled meeting or vote takes place. There are several types of Maine Revocation of Proxy, including: 1. General Revocation of Proxy: This type of revocation cancels all previously given proxy authority and any instructions associated with it. It revokes the proxy holder's ability to vote or make any decisions on the granter's behalf. 2. Specific Revocation of Proxy: Unlike a general revocation, a specific revocation only cancels a particular proxy or set of instructions. This allows the granter to revoke the proxy for a specific vote or decision while still retaining the proxy holder's authority for other matters. 3. Written Revocation of Proxy: In Maine, a written revocation of proxy is usually required to provide legal evidence of the revocation. It must include specific details, such as the date, the granter's name, and the name of the proxy holder being revoked, to ensure its validity. 4. Majority Revocation of Proxy: This type of revocation occurs when a majority of shareholders or members collectively revoke their proxies for a given vote or decision. It often happens when there is a significant change in circumstances or new information that prompts a significant number of shareholders to revoke their proxies. It is crucial to follow the correct procedures and guidelines set forth by relevant laws and regulations in Maine when revoking a proxy. Failure to do so may result in the revocation being deemed invalid, and the proxy holder's authority remaining intact. Consulting with an attorney or legal expert is advisable to ensure that the revocation is executed correctly and legally.

How to fill out Maine Revocation Of Proxy?

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FAQ

The right of a member to attend and vote in person is paramount to the right of the proxy. So, if a member attends the meeting despite there being a proxy appointed by him, then the proxy gets revoked if such member votes before his proxy. This was laid down in Knight v. Bulkeley.

Definition. A person designated by another to attend a shareholders' meeting and vote on their behalf.

Word forms: plural proxies. 1. uncountable noun usu by N If you do something by proxy, you arrange for someone else to do it for you. Those not attending the meeting may vote by proxy.

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.

A proxy is an agent legally authorized to act on behalf of another party. The proxy may also allow an investor to vote without being physically present at the annual shareholder's meeting.

Sample 2. Revocation of Proxy. 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.

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 is a person, who is appointed by a member to attend and vote at a meeting in the absence of the member. Thus proxy may be the agent or any other person authorized of the member of the company who is appointing him.

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. The representative may be another member of the same body, or external.

Generally, a proxy stands revoked when a written notice of such revocation, signed by the member appointing the proxy, is received by the company. This notice has to be given before the meeting commences. In the case of joint membership, the member(s) who signed the proxy must sign the notice of revocation.

More info

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Maine Revocation of Proxy