Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
Utah Revocation of Proxy — Corporate Resolutions is a legal document used in the state of Utah to revoke a previously granted proxy in a corporate setting. A proxy is a document that grants the authority to someone, usually a shareholder, to vote on behalf of another individual or entity at a corporate meeting. When a shareholder grants a proxy, they are essentially delegating their voting rights to another person or entity, allowing them to make decisions on their behalf. However, there may be instances where a shareholder wants to revoke this authority due to changing circumstances, disagreements, or a change of opinion. The Utah Revocation of Proxy — Corporate Resolutions document provides a formal way to cancel or revoke a previously granted proxy. It ensures that the shareholder's voting rights are restored and that they regain the ability to personally exercise their voting rights at a corporate meeting. The document typically includes essential information such as the company's name, the shareholder's name and contact details, the proxy holder's name and contact details, the date the proxy was originally granted, and details of the meeting for which the proxy was intended. There are different types of Utah Revocation of Proxy — Corporate Resolutions that shareholders can utilize based on their specific requirements: 1. General Revocation of Proxy: This type of revocation cancels the proxy for all future meetings until a new proxy is granted. 2. Specific Revocation of Proxy: In certain situations, a shareholder may want to revoke the proxy for a specific meeting or a predefined period, while keeping the proxy intact for future meetings. 3. Conditional Revocation of Proxy: This type of revocation is used when a shareholder wants to revoke the proxy only if certain conditions or circumstances are met. Utah Revocation of Proxy — Corporate Resolutions plays a crucial role in ensuring that shareholders have the ability to control their voting rights, exercise their voice in corporate decision-making, and adjust their proxy arrangements as needed. It offers a legally recognized mechanism for revoking proxies and emphasizes transparency and accountability within corporate governance.
