The Proxy of Member of Nonprofit Corporation is a legal document that allows a member of a nonprofit corporation to appoint someone else to represent them at meetings. This form ensures that the appointed individual can vote and act on behalf of the member in their absence. It is different from other types of proxies in that it is specific to nonprofit corporations and follows particular state laws regarding membership meetings and voting procedures.
This form is useful when you, as a member of a nonprofit corporation, cannot attend a scheduled meeting. It allows you to assign your voting rights to a trusted individual who can advocate on your behalf. It can be particularly important during elections, votes on critical issues, or any significant decision-making process within the organization.
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This is a general template intended for use in various states. Laws and formatting rules differ, so confirm the document meets your state’s requirements before using it.
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.
Type the name of the motion to be voted on, such as Proposition 12, and whether you are for or against the motion. Type your full legal name at the end of the proxy vote. Include your signature underneath your name, as well as the date you signed the proxy vote.
A proxy is a written statement by a shareholder (or unit owner, in the case of a homeowner association) that authorizes a specific other person to vote the shareholder's shares or common interests at a shareholder or special interest meeting.
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.
In all probability, no. Unless your state nonprofit corporation law provides specific statutory authority for proxy voting by directors (and only a few provide some limited authority to do so), the general rule is that directors may not vote by proxy.
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.
Proxies nominated by individual members are not counted for quorum; however, authorized representative of a body corporate is counted towards quorum. A person authorized by two or more body corporate will be treated as more than one person.