Revocable or Irrevocable Proxy
Understanding this form
The Revocable or Irrevocable Proxy is a legal document that allows a shareholder to delegate their voting rights to another individual, known as a proxy. This form is primarily used during corporate shareholder meetings when shareholders cannot attend in person. It differs from other voting forms by allowing the shareholder to specify whether the proxy authority is revocable or irrevocable within a specified time frame.
What’s included in this form
- Shareholder's name and corporation name.
- Name of the appointed proxy who will vote on behalf of the shareholder.
- Date of the shareholder meeting where the proxy will cast the vote.
- Declaration of revocability or irrevocability of the proxy.
- Space for the shareholder's signature, date, and witnesses' information.
When to use this form
This form should be used when a shareholder is unable to attend a corporation's shareholder meeting but still wishes to have their votes represented. It is particularly useful in situations where the shareholder wants to ensure that their shares are voted accordingly, especially during critical decisions such as board elections, mergers, or other significant corporate actions.
Who should use this form
This form is intended for:
- Shareholders of corporations who cannot attend meetings but wish to have their votes counted.
- Individuals who want to grant voting authority to a trusted proxy for specific meetings.
- Those needing to specify whether their proxy is revocable or irrevocable for a certain duration.
Completing this form step by step
- Identify the shareholder and corporation by filling in the appropriate names.
- Designate the name of the proxy who will be granted the voting authority.
- Enter the date and location of the shareholder meeting.
- Specify whether the proxy is revocable or irrevocable and for how many days it remains effective.
- Sign and date the document and ensure the required witnesses fill in their information.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, always check your stateâs specific requirements to ensure compliance.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Not specifying whether the proxy is revocable or irrevocable.
- Failing to enter the correct date of the meeting.
- Omitting the required signatures or witness information.
- Using an outdated version of the proxy form.
Why use this form online
- Convenience of filling out the form at your own pace.
- Easy to edit and customize for your specific needs.
- Access to professionally drafted templates ensuring legal compliance.
Legal use & context
The Revocable or Irrevocable Proxy form is legally recognized for transferring voting authority in corporate settings. Ensure to follow your corporation's bylaws and any applicable state laws regarding the creation and use of proxy forms to maintain the legitimacy of the shareholder's vote.
Main things to remember
- The Revocable or Irrevocable Proxy is essential for shareholders who cannot attend meetings.
- Correct completion of the form is crucial for ensuring votes are counted.
- Understand the implications of designating your proxy as revocable or irrevocable.
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FAQ
A proxy is an agent legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at the meeting.
A proxy is a person who is designated by another to represent that individual at a meeting or before a public body.It also refers to the written authorization allowing one person to act on behalf of another.
What is a Proxy Statement? A proxy statement is a document containing the information the Securities and Exchange Commission (SEC) requires companies to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual or special stockholder meeting.
A proxy is an agent legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at the meeting.
A revocable proxy is an authorization to a person to act on behalf of another party, which may be revoked at any time by the grantor of the proxy.Revocable proxies are typically issued in connection with stock related matters.
A member of a company is entitled to appoint another person as his proxy to exercise all or any of his rights to attend, speak and vote at a meeting of the company. A member can appoint any other person to act as his proxy; it does not have to be another shareholder of the company.
An example of proxy is someone who is named to make health care decisions for you if you are unable to do so. An example of proxy is when you register to vote and have someone else actually cast your ballot.
Proxy, a term denoting either a person who is authorized to stand in place of another or the legal instrument by which the authority is conferred.
A Proxy Form is a document by which a registered member of a company appoints another person (the proxy) to attend a company meeting and vote on the member's behalf. Every member of a company that is entitled to attend and vote at company meetings can either vote in person or through a proxy.
Proxy statements describe matters up for shareholder vote, and include management and executive compensation information if the shareholders are voting for the election of directors.
