Proxy - Revocable
What is this form?
A revocable proxy is a legal document that allows a stockholder to delegate their voting rights to another person. This proxy is 'revocable,' meaning the stockholder can change their mind and terminate it at any time unless otherwise stated. This form ensures that the designated proxy can vote on behalf of the stockholder during meetings when they are unable to attend personally.
What’s included in this form
- Name of the stockholder who is granting the proxy.
- Name of the person being appointed as the proxy.
- Effective date and expiration date of the proxy authority.
- Power granted to the proxy to vote on behalf of the stockholder.
- Signature and printed name of the stockholder.
- Witness signatures for verification of the proxy document.
When this form is needed
This form should be used when a stockholder cannot attend a stockholders' meeting but wants to ensure their vote is still counted. This situation may arise due to scheduling conflicts, travel, health issues, or other personal reasons. The stockholder may want to delegate their voting authority to someone they trust to make decisions on their behalf.
Who should use this form
- Stockholders who cannot attend a stockholders' meeting.
- Individuals who wish to delegate their voting rights to a trusted representative.
- Shareholders in corporations looking to streamline their voting process.
Steps to complete this form
- Enter your name as the stockholder at the designated space.
- Provide the name of the person you are appointing as your proxy.
- Specify the duration for which the proxy will be effective with start and end dates.
- Sign and print your name at the bottom of the form.
- Have two witnesses sign the document to validate your proxy.
Notarization requirements for this form
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 an expiration date for the proxy authority.
- Not having the document signed by witnesses.
- Leaving the name of the proxy blank.
- Not revoking previous proxies, which can cause confusion.
Advantages of online completion
- Convenient and quick access to legal forms without the need for a lawyer.
- An editable format allows for personalization based on your specific needs.
- Reliable documents prepared to meet legal standards.
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FAQ
Appointing a proxy 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.
: a person who is given the power or authority to do something (such as to vote) for someone else. : power or authority that is given to allow a person to act for someone else. See the full definition for proxy in the English Language Learners Dictionary. proxy.
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.
Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period. The owner of the shares.
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.
Step 1: Read the guidelines under the corporation's by-laws. Step 2: Write the date. Step 3: Indicate your name, address, and title. Step 4: Indicate the name of the proxy. Step 5: State the purpose of the proxy. Step 6: Sign the proxy letter.
Proxy agreements are typically written agreements between two parties. A proxy agreement is written authorization for one person to legally act on behalf of an other person.In most cases, any power a stockholder has to vote at a shareholder meeting can be granted to the proxy.
