Revocable or Irrevocable Proxy
Understanding this form
The Revocable or Irrevocable Proxy is a legal document that allows a shareholder to authorize another person, known as a proxy, to cast votes on their behalf at a corporate shareholders' meeting. This form is essential in corporate governance, enabling shareholders to participate in decisions even if they cannot attend the meeting. Unlike other voting methods, proxies collect votes before the meeting and ensure that all viewpoints are represented, making this form a fundamental tool for corporate decision-making.
What’s included in this form
- The shareholder's name and corporation details.
- The appointed proxy's name who will vote on behalf of the shareholder.
- The date of the shareholders' meeting.
- A declaration of revocability or irrevocability of the proxy for a specified period.
- Signature of the shareholder and witnesses.
When this form is needed
Use the Revocable or Irrevocable Proxy form when you, as a shareholder, are unable to attend a corporate meeting where key decisions will be made, such as electing board members or approving significant corporate actions. This form ensures your vote is still counted, reflecting your interests in the company. It is also useful if you wish to assign your voting rights temporarily to a trusted associate.
Who needs this form
- Shareholders of a corporation who cannot attend a meeting.
- Anyone wishing to allow a trusted individual to vote on their behalf.
- Individuals who prefer to manage their voting rights promptly and effectively.
Instructions for completing this form
- Enter your name as the shareholder and provide your corporation's details.
- Specify the name of the person you are appointing as your proxy.
- Indicate the date of the shareholders' meeting.
- Choose whether the proxy is revocable or irrevocable and specify the duration.
- Sign the form in the presence of witnesses and have them provide their details.
Is notarization required?
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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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 to avoid
- Failing to specify whether the proxy is revocable or irrevocable.
- Not providing accurate dates for the shareholders' meeting.
- Neglecting to have the document signed by witnesses, if required.
Benefits of using this form online
- Convenience of completing the form from anywhere at any time.
- Ease of making edits and adjustments before finalizing the document.
- Access to reliable templates drafted by licensed attorneys.
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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.
