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Member's General Proxy for Meetings of the Members of a Nonprofit Corporation

State:
Multi-State
Control #:
US-03183BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

(1) Any member entitled to attend a general meeting and to vote may send a proxy to attend the meeting and to vote on his behalf. But the following rules have to be followed for the purpose:(c) A proxy can vote at the meeting only by poll unless otherwise provided in the Articles but he cannot speak.

Member of the company entitled to attend the meeting and vote at the meeting shall have a right to appoint another person as a proxy to attend and vote at the meeting on his behalf. Proxy shall have not any right to speak at the meeting and shall have right to vote except on a poll.

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.

Members of Board of Directors often seek to determine whether they can provide a proxy to someone to appear and vote for them at a meeting of the Board of Directors.However, it is basic general corporate law that a Board member cannot give a proxy to someone to appear and vote in his place at a meeting.

A proxy for representation of a corporate stockholder at a corporate meeting which empowers the proxy to do all that the principal might do if present at the meeting. A general proxy allows a proxy holder to vote on any matter that may be undertaken.

A general proxy authorizes the person to whom it is entrusted to exercise general discretion throughout the matter in hand, while a special proxy limits the authority to some special proposal or resolution.

Rights of proxy: A proxy has the right to attend the meeting. A proxy has the right to vote only on a poll. A proxy, if eligible under section 109, has the right to demand a poll.

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.

Director cannot appoint a Proxy for Board MeetingsProxies are not allowed at Board meetings and directors are not allowed to appoint their representatives to attend the Board meetings and cast vote on their behalf.

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Member's General Proxy for Meetings of the Members of a Nonprofit Corporation