Revocable Proxy
About this form
The Revocable Proxy is a legal document that allows a stockholder to appoint another person or entity as their proxy to vote on their behalf at meetings of the stockholders for a corporation. This form enables the proxy to exercise all voting rights associated with the stockholder's shares, making it clear and effective for corporate decision-making. Unlike other proxies, this form specifically allows the stockholder to revoke the proxy at any time, offering flexibility and control over voting rights.
Key components of this form
- The appointment clause designates the individual or individuals acting as proxies.
- A specification of the shares being voted on, including their number and type.
- A statement affirming the revocation of any prior proxies related to the shares.
- Details on the effectiveness of the proxy, including any termination date.
- Signature and date fields for the stockholder to validate the proxy.
Situations where this form applies
This form is typically used during corporate meetings where stockholders are required to vote on key matters, such as the election of the Board of Directors or major business decisions. It is especially useful when the stockholder cannot attend the meeting in person but still wishes to have their voting rights exercised by a trusted individual or entity.
Intended users of this form
- Stockholders of a corporation looking to delegate their voting power.
- Individuals who may not be able to attend stockholder meetings due to scheduling conflicts.
- Corporate investors who seek to ensure their interests are represented in important votes.
Completing this form step by step
- Identify the parties involved by entering the names of the appointed proxies.
- Specify the number and type of shares being voted on in the designated fields.
- Enter the effective date of the proxy and any termination date if applicable.
- Provide your signature and the date to validate the proxy appointment.
- Retain a copy of the signed form for your records.
Does this document require notarization?
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.
Typical mistakes to avoid
- Failing to specify the number or type of shares being voted on.
- Not including the required signatures, which can invalidate the proxy.
- Neglecting to revoke any prior proxies before submitting a new one.
Why complete this form online
- Convenience of downloading and filling out the form at your own pace.
- Editability allows you to customize the form to fit your specific needs.
- Reliable access to templates drafted by licensed attorneys, ensuring legal compliance.
Legal use & context
- This Revocable Proxy is a legally binding document, facilitating stockholder voting without the need for physical presence at meetings.
- It is enforceable under Delaware corporate laws as long as it is completed correctly.
- Users should ensure compliance with any additional corporate governance documents that may govern voting procedures.
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FAQ
A representative; an agent; a document appointing a representative. A proxy is a person who is designated by another to represent that individual at a meeting or before a public body. It also refers to the written authorization allowing one person to act on behalf of another.
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.
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.
Proxy Statements The proxy documents provide shareholders with the information necessary to make informed votes on issues important to the company's performance. A Proxy statement offers shareholders and prospective investors insight into a company's governance and management operations.
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 Proxy Form is a document by which a registered member of a company appoints another person (the proxy) to attend a company meeting and vote on the member's behalf. Every member of a company that is entitled to attend and vote at company meetings can either vote in person or through a proxy.
: 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 a representative that has been designated to vote on someone else's behalf in a meeting. The representative may be a member of the same voting body or external.
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.
