Revocation of Proxy
Overview of this form
The Revocation of Proxy form is a legal document used to cancel or revoke any previously issued proxy votes. A proxy allows one individual (the proxy) to vote on behalf of another (the principal) at meetings, typically shareholder meetings. By completing this form, shareholders can ensure that their voting rights are not misallocated or misused, providing clarity and control over who represents them in such votes.
Main sections of this form
- Name of shareholder: This field requires the full name of the individual revoking the proxy.
- Name of corporation: The corporation for which the proxy is revoked must be specified.
- Date of revocation: This is the effective date of the revocation.
- Signature of shareholder: The shareholder must sign to validate the revocation.
- Printed name of shareholder: The full name of the shareholder must be printed below the signature.
Situations where this form applies
This form should be used when a shareholder wishes to revoke a previously granted proxy. Reasons to revoke a proxy may include: changing representatives due to lack of trust, dissatisfaction with the initial proxy holder, or returning to direct participation in voting after previously appointing a proxy.
Who can use this document
- Shareholders who have previously issued a proxy to another individual.
- Individuals looking to regain control over their voting rights in corporate meetings.
- Anyone who wishes to ensure their voting intentions are accurately represented.
How to prepare this document
- Identify the shareholder by entering the full name in the designated field.
- Specify the corporationâs name where the proxy applied.
- Enter the date on which the revocation is being made.
- Sign the form in the designated signature area to validate the revocation.
- Print the name of the shareholder below the signature.
Notarization guidance
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 complete the corporation's name accurately.
- Not signing or not providing a printed name below the signature.
- Using an outdated version of the revocation form.
Why use this form online
- Ease of access: Download your form instantly without any delays.
- Editability: Customize the form by entering your specific information directly.
- Legal reliability: The form is drafted by licensed attorneys, ensuring it meets legal standards.
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FAQ
Voters can revoke a proxy by issuing a new one or by providing written notice to the association secretary. The owner can also revoke a proxy by attending a meeting in person and casting their own ballot. In this case, the voter must attend the meeting AND vote at the meeting in order for their vote to count.
A proxy is valid for up to 90 days after the date of the first meeting for which it was given. Each proxy is revocable at any time at the pleasure of the unit owner executing it.
Most boards require a quorum to conduct voting and proxies can be useful in establishing a quorum.An organization's bylaws may allow for a member's proxy to be counted only for the purpose of establishing a quorum, but not as a vote for or against an issue.
A member of a company is entitled to appoint more than one proxy to exercise all or any of his rights to attend and to speak and vote at a meeting of the company, provided that each proxy is appointed to exercise the rights attached to a different share or shares held by the member.
Proxy limits The limits held by one person are: one proxy vote only for schemes with 20 lots or less, or. in schemes with more than 20 lots, a number that is equal to no more than 5 percent of the total number of lots.
There seems to be some confusion of late as to whether a person can hold more than two proxies or not. The simple answer is 'yes': a person can currently hold more than two proxies there is no limit at the moment.
The power of attorney revocation form allows a person to cancel a previous appointment that was made. The form, once signed by the principal, cancels and immediately terminates the rights of the agents listed in the original power of attorney document.
A proxy may refer to a person who is authorized to act for another or it may designate the function or authority of serving in another's stead. In the latter sense, it generally is preceded by the word by (vote by proxy).
