Revocable or Irrevocable Proxy
What this document covers
The Revocable or Irrevocable Proxy form is a legal document used by shareholders to delegate their voting rights to a designated proxy. This form allows the appointed proxy to cast votes on behalf of the shareholder during corporate meetings. Unlike other voting forms, this proxy can be either revocable, allowing the shareholder to change their mind, or irrevocable, which means the decision stands firm for a specified period. This ensures that shareholders have representation in decision-making processes even when they cannot attend the meeting in person.
Main sections of this form
- Shareholder's name and corporation details
- Appointed proxy's name
- Date and details of the shareholder meeting
- Revocation clause specifying the period of validity
- Signature of the shareholder, along with witness' names and addresses
When to use this form
This form is particularly useful when a shareholder wishes to designate another person to vote on their behalf at a corporate meeting. It is essential in scenarios where the shareholder is unable to attend the meeting in person due to scheduling conflicts, personal issues, or distance. Using this form ensures that the shareholder's voice is still heard during important votes, such as board elections or policy changes.
Who this form is for
- Registered shareholders of a corporation
- Individuals unable to attend shareholder meetings
- Shareholders looking to delegate their voting rights temporarily or permanently
How to complete this form
- Identify the shareholder by entering their name and the corporation's details.
- Select and write the name of the proxy who will vote on your behalf.
- Specify the date of the shareholder meeting or the period of validity.
- Sign the form as the shareholder to validate the proxy appointment.
- Ensure that two witnesses sign and provide their names and addresses.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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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.
Mistakes to watch out for
- Failing to include the proxy's name.
- Not signing the form or omitting witnessesâ signatures.
- Confusing revocable and irrevocable options.
- Not clearly specifying the date or details of the meeting.
Why complete this form online
- Convenient access to legal forms without the need for a lawyer meeting.
- Editable templates that allow customization to fit specific needs.
- Immediate download, allowing timely completion and submission.
- Drafted by licensed attorneys, providing peace of mind regarding legal compliance.
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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.
