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 North Carolina Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder or a member of a corporation to withdraw or cancel a previously granted proxy authorization. In North Carolina, proxy authorization is commonly used in corporate settings to allow shareholders or members to delegate their voting rights to another person or entity, usually during a shareholders' meeting or when important resolutions need to be passed. This document is designed to provide a straightforward and efficient process for a shareholder or member to revoke their proxy authority. By filling out the necessary information and signing the revocation form, the shareholder or member effectively nullifies any previous proxy authorizations and regains their personal voting rights. Keywords: North Carolina, Revocation of Proxy, Corporate Resolutions, shareholder, member, proxy authorization, voting rights, delegates, shareholders' meeting, resolutions, revoke. Types of North Carolina Revocation of Proxy — Corporate Resolutions may include: 1. General Revocation of Proxy: This type allows a shareholder or member to revoke their proxy authorization without any specific limitations or conditions. It is a comprehensive revocation that applies to all previous proxy authorizations granted by the shareholder or member. 2. Limited Revocation of Proxy: This type permits a shareholder or member to revoke their proxy authorization for specific resolutions or matters. It enables them to retain their proxy authority for other resolutions or matters that they have not explicitly chosen to revoke. 3. Temporary Revocation of Proxy: This type allows a shareholder or member to revoke their proxy authorization for a temporary period. It is beneficial when a shareholder or member wants to regain their voting rights temporarily but intends to reinstate the proxy authorization after a certain timeframe. 4. Specific Revocation of Proxy: This type enables a shareholder or member to revoke their proxy authorization for an individual or specific third-party previously granted proxy authorization. It does not affect any other proxy authorizations held by the shareholder or member. 5. Blanket Revocation of Proxy: This type is a broad revocation that applies to all previous and future proxy authorizations. Once a shareholder or member signs a blanket revocation, it cancels any existing proxy authorizations and prohibits the granting of future proxy authorizations. These variations of the North Carolina Revocation of Proxy — Corporate Resolutions provide flexibility to shareholders or members in managing their proxy authorizations and revoking them as desired based on their specific circumstances or preferences.
