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.
Oregon Proxy — Revocable is a legal arrangement whereby an individual, known as the principal, designates another person, referred to as the proxy, to act on their behalf and make decisions. A revocable proxy allows the principal to revoke or cancel the authorization at any time, granting them flexibility and control over their affairs. This type of proxy is commonly used in various situations, such as estate planning, business transactions, and healthcare decision-making. By appointing a proxy, the principal can ensure that their interests are protected and responsibilities are met, especially in situations where they cannot be physically present or capable of making decisions. There are different types of Oregon Proxy — Revocable that cater to specific needs and circumstances. These include: 1. Financial Proxy: This type of proxy empowers the designated person to handle financial matters on behalf of the principal. It typically includes managing bank accounts, conducting financial transactions, paying bills, and managing investments. 2. Healthcare Proxy: A healthcare proxy grants the authority to make medical decisions for the principal when they are unable to do so themselves. It allows the proxy to consult with healthcare professionals and make informed choices regarding the principal's medical treatment, end-of-life care, and organ donation preferences. 3. General Proxy: A general proxy provides a broader scope of authority, enabling the proxy to act on various matters on behalf of the principal. It may include financial, legal, and personal decisions, granting the proxy the power to sign contracts, manage property, and represent the principal in legal situations. 4. Limited Proxy: Unlike a general proxy, a limited proxy allows the proxy holder to act on specific matters explicitly outlined in the proxy document. This type of proxy is suitable when the principal requires assistance or representation for a particular and defined purpose, such as attending a specific meeting or signing specific documents. In Oregon, the laws and regulations governing revocable proxies are outlined in the Oregon Revised Statutes (ORS), particularly in Title 59, which focuses on Property. It is crucial for both the principal and the proxy to consider consulting an attorney experienced in Oregon proxy law to ensure compliance with legal requirements and to draft a well-defined and legally binding proxy document. In conclusion, an Oregon Proxy — Revocable is a legal arrangement that grants someone the authority to act on another person's behalf. It offers flexibility as it can be revoked or canceled by the principal at any time. The different types of Oregon Proxy — Revocable include financial proxies, healthcare proxies, general proxies, and limited proxies. Legal advice from an experienced attorney is recommended to ensure the document's validity and compliance with Oregon state laws.
