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 New Jersey Revocation of Proxy — Corporate Resolution refers to a legal document that allows shareholders of a corporation in New Jersey to withdraw or cancel their previously granted proxy voting rights. It is commonly used when shareholders change their mind about the proxy vote, no longer want to assign their voting rights to another individual, or wish to exercise their voting privileges personally. This revocation form is designed to ensure transparency and flexibility in corporate decision-making processes. It provides shareholders with a mechanism to revoke their proxy assignments in an efficient and legally recognized manner. By submitting this document, shareholders effectively reclaim their authority and control over voting matters concerning the corporation. The New Jersey Revocation of Proxy — Corporate Resolution typically includes essential information such as the name of the shareholder, the date of the previously assigned proxy, the name of the proxy holder, and the details of the meeting for which the proxy was originally granted. By clearly stating the revocation of proxy, this document serves as solid evidence of the shareholder's intent to retract their proxy assignment. While the standard New Jersey Revocation of Proxy — Corporate Resolution covers the general revocation of all proxies, there might be specific variations depending on the unique circumstances of the corporation or the resolution being revoked. Some potential types of New Jersey Revocation of Proxy — Corporate Resolutions include: 1. Partial Revocation of Proxy — In some cases, a shareholder may not wish to revoke the entire proxy but only a portion of it. This allows them to retain some voting rights while withdrawing others. 2. Temporary Revocation of Proxy — Shareholders may choose to temporarily revoke their proxy, indicating a specific timeframe within which the proxy will not be in effect. This can occur, for example, during a period when shareholders desire to attend a particular meeting personally. 3. Specific Resolution Revocation — It is also possible for shareholders to issue a revocation document targeting a specific resolution, rather than the entire proxy. This allows them to revoke their proxy for a specific agenda item, while maintaining the proxy for other matters. Overall, the New Jersey Revocation of Proxy — Corporate Resolution ensures that shareholders retain control over their voting rights and have the ability to adapt to changing circumstances, while adhering to legal requirements and maintaining the integrity of corporate decision-making processes.
