Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
Tennessee Revocation of Proxy — Corporate Resolutions refers to a legal document used in the state of Tennessee to cancel or revoke a previously granted proxy in a corporate setting. This document allows shareholders or members of a corporation to revoke their authority given to another person or entity (proxy holder) to vote on their behalf during corporate meetings or decision-making processes. The Revocation of Proxy is an essential document that ensures shareholders or members maintain control over their voting rights and can make informed decisions regarding the affairs and governance of the corporation. By revoking a proxy, the shareholder or member regains the ability to personally attend meetings and vote on matters affecting the corporation. In Tennessee, there are no specific different types of Revocation of Proxy — Corporate Resolutions. However, variations in the content, format, or specific provisions may exist depending on the corporation's bylaws, the purpose of the proxy, and the terms of the original proxy agreement. The document typically includes essential components such as: 1. Parties Involved: It identifies the corporation, the revoking shareholder or member, and the initially appointed proxy holder whose authority is being revoked. 2. Effective Date: The Revocation of Proxy will mention the date when the document becomes effective, usually the date of execution. 3. Details of Original Proxy: It provides information about the previously granted proxy, including the date, purpose, and scope of authority given to the proxy holder. 4. Revocation of Authority: The document explicitly states the intention to revoke all previously granted authority, empowering the shareholder or member to act directly in exercising their voting rights. 5. Notice to Corporation: The Revocation of Proxy typically includes a clause requiring the shareholder or member to provide a copy of the revocation to the corporation, ensuring the corporation is informed of the termination of proxy authority. 6. Signatures: The document must be signed by the revoking shareholder or member in the presence of witnesses or a notary public, depending on the state's requirements for the validity of corporate resolutions. It is important to note that the specific requirements and contents of the Revocation of Proxy — Corporate Resolutions may differ slightly from one corporation to another based on their individual bylaws and any additional provisions they may have established. Keywords: Tennessee, Revocation of Proxy, Corporate Resolutions, shareholder, member, proxy holder, voting rights, corporate meetings, governance, bylaws, authority, proxy agreement, effective date, parties involved, original proxy, revoking authority, notice to corporation, signatures.
