Proxy - Revocable
About this form
The revocable proxy form allows a shareholder to delegate their voting rights to another individual, known as a proxy, for stockholder meetings. This form is essential for individuals who cannot attend meetings in person but want to ensure their vote is cast. Unlike an irrevocable proxy, a revocable proxy can be canceled or changed at any time before it is used, providing flexibility for the principal in managing their voting rights.
Form components explained
- Name of the stockholder (principal) delegating voting rights.
- Name of the designated proxy who will vote on behalf of the stockholder.
- Date range during which the proxy is valid.
- Authorization for the proxy to act as the stockholder's representative.
- Signature and printed name of the stockholder for verification purposes.
- Witness signatures validating the execution of the proxy.
When to use this document
This form is useful in situations where a shareholder cannot attend stockholder meetings due to scheduling conflicts, health issues, or other commitments. By using a revocable proxy, the shareholder ensures that their vote is still represented in critical corporate decisions, such as mergers, board member elections, or other significant company matters.
Who needs this form
- Shareholders of corporations who are unable to attend stockholder meetings.
- Individuals who want to delegate their voting rights to a trusted friend or official.
- Shareholders looking for a flexible way to participate in corporate governance.
Completing this form step by step
- Identify the stockholder and enter their name at the top of the form.
- Designate a trusted individual by specifying their name as the proxy.
- Set the expiration date during which the proxy will be effective.
- Provide the stockholder's signature and printed name for identification.
- Have witnesses sign the form to validate the execution of the proxy.
Does this document require notarization?
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 a valid expiration date for the proxy.
- Not having the signature witnessed, which may invalidate the form.
- Designating a proxy without verifying their willingness to fulfill the role.
Advantages of online completion
- Instant access to a legally drafted proxy form tailored for your needs.
- Easy customization to reflect your specific requirements.
- Convenient download and print options for immediate use.
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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.
