Proxy - Revocable
About this form
A proxy - revocable form allows a shareholder to designate another person, known as a proxy, to vote on their behalf at stockholder meetings. This form is essential for facilitating participation in corporate decision-making, especially when the shareholder cannot attend the meeting. Unlike an irrevocable proxy, this form can be revoked at any time prior to its expiration. The revocable nature provides flexibility for the principal in case they choose to vote personally or select another proxy later.
Main sections of this form
- Name of the stockholder who is granting the proxy.
- Name of the proxy being appointed to vote.
- Specific meetings or period for which the proxy is valid.
- Statement revoking any previous proxies.
- Signature and printed name of the stockholder.
- Witness signatures to validate the proxy.
When this form is needed
This form is useful in various situations where a stockholder cannot attend a stockholder meeting but wants to ensure their vote is counted. Common scenarios include traveling, health issues, or conflicting commitments on the date of the meeting. Using this proxy form ensures that your voting rights are maintained even in your absence.
Who this form is for
- Shareholders of a corporation who wish to delegate their voting rights.
- Individuals who cannot attend stockholder meetings but want representation.
- Corporate officers and other designated individuals acting on behalf of a stockholder.
How to prepare this document
- Identify the name of the stockholder granting the proxy.
- Provide the name of the individual designated as the proxy.
- Specify the time period for which the proxy is valid.
- Include any prior proxies that this form revokes.
- Sign and date the form to validate it.
- Ensure that witnesses sign the form to confirm its authenticity.
Notarization requirements for this form
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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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.
Avoid these common issues
- Failing to specify the name of the proxy correctly.
- Not including the expiration date of the proxy.
- Signing the form without witness signatures, if required.
- Assuming the proxy cannot be revoked; remember it is revocable by nature.
- Not checking local laws that may have additional proxy voting requirements.
Why use this form online
- Convenience of downloading and filling out the form from anywhere.
- Editability allows for quick changes if needed before submitting.
- Reliability of having a professionally drafted template to ensure it meets 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.
