South Dakota Agreement and Irrevocable Proxy

State:
Multi-State
Control #:
US-EG-9410
Format:
Word; 
Rich Text
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Description

Agreement and Irrevocable Proxy between _______ (Stockholder) and Wiser Investment Company, LLC regarding purchase of stocks dated December 13, 1999. 7 pages.
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FAQ

The irrevocable proxy is an enforceable power given by an owner to. exercise his voting rights independently of his future consent. He may. accomplish the same result through a voting or pooling contract, or by. means of a voting trust.

If your shares are held in street name through a broker, bank or other nominee, you should contact the holder of your shares regarding how to revoke your proxy. If you are a stockholder of record, you may change your vote at any time before the polls close at the Annual Meeting.

(b) No proxy shall be valid after the expiration of 11 months from the date thereof unless otherwise provided in the proxy, except that the maximum term of any proxy shall be three years from the date of execution.

Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

Proxy is defined by supreme courts as "an authority or power to do a certain thing." A person can confer on his proxy any power which he himself possesses. He may also give him secret instructions as to voting upon particular questions. But a proxy is ineffectual when it is contrary to law or public policy.

Pursuant to SDCL 21-64-2, no person may use any aspect of a personality's right of publicity for a commercial purpose during the personality's lifetime or for seventy years after the death of the personality without the express written consent of the personality, or if the personality is deceased without the express ...

(f) A proxy may be revoked, notwithstanding a provision making it irrevocable, by a transferee of shares without knowledge of the existence of the provision unless the existence of the proxy and its irrevocability appears, in the case of certificated securities, on the certificate representing such shares, or in the ...

Statutory section line highways in South Dakota are sixty-six feet wide, thirty-three feet on each side of the section line. S.D.C.L. § 31-18-2 (1984).

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South Dakota Agreement and Irrevocable Proxy