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 York Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder of a corporation to revoke a previously given proxy, which is a document authorizing another person to vote on their behalf at a shareholders' meeting. This is an important aspect of corporate governance, as it enables shareholders to exercise their rights and control over their investments. The revocation of proxy is typically used when a shareholder wishes to change their vote or take back the authority given to another person to vote on their behalf. It can be used for various reasons, such as changes in personal preference, changes in the company's circumstances or direction, or simply due to a misunderstanding or mistake made during the initial proxy granting. The revocation of proxy requires the shareholder to complete the legal document, explicitly stating their intention to revoke the previous proxy. The document should include the shareholder's details, such as name, address, and number of shares owned, along with information about the proxy previously given, including the name of the proxy holder and the date of the proxy document. There are no specific types of New York Revocation of Proxy — Corporate Resolutions. However, the revocation can be done in different ways, depending on the corporation's bylaws or the terms of the original proxy agreement. Some common methods for revoking a proxy include sending a written notice to the corporation's registered office or the proxy holder, attending the shareholders' meeting in person and casting a vote, or granting a new proxy to another person. It is important to note that each corporation may have its own specific rules and procedures regarding the revocation of a proxy, and shareholders should carefully review the company's bylaws and consult with legal professionals if needed to ensure compliance. Additionally, the revocation of proxy might have specific deadlines or requirements that need to be met to be considered valid. In conclusion, the New York Revocation of Proxy — Corporate Resolutions is a critical legal document that allows shareholders to change their vote or take back the authority given to another person to vote on their behalf. It is essential for shareholders to understand the specific rules and procedures established by the corporation in order to effectively exercise their rights and control over their investments.
