Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
West Virginia Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder or an entity to revoke a previously granted proxy or power of attorney. In corporate governance, a proxy is a document that authorizes one person to vote on behalf of another person or entity during shareholder meetings or other important corporate decision-making processes. The purpose of the West Virginia Revocation of Proxy is to provide shareholders or entities with the ability to withdraw the authority granted to a proxy holder. This document ensures that shareholders have the flexibility to change their position, opinions, or preferences regarding a particular corporate matter. By revoking a proxy, the shareholder can regain control over their voting rights and have the opportunity to vote according to their own judgment. The West Virginia Revocation of Proxy — Corporate Resolutions can be used in various types of corporate entities, including corporations, limited liability companies (LCS), and partnerships. It is particularly relevant in situations where a shareholder wishes to retract the power given to a proxy holder due to changing circumstances, disagreement with the proxy holder's decisions, or simply a change of mind. There may be different types of West Virginia Revocation of Proxy — Corporate Resolutions, depending on the specific corporate entity and the nature of the proxy agreement. Some common types may include: 1. General Revocation of Proxy: This type of revocation applies to all proxies granted to a particular individual or entity. It completely nullifies any authority given to the proxy holder and allows the shareholder to personally exercise their voting rights. 2. Limited Revocation of Proxy: This type of revocation allows the shareholder to withdraw the proxy for specific resolutions or matters while keeping the proxy intact for other issues. It provides selective control over voting rights by specifying the resolutions or matters to which the revocation applies. 3. Specific Proxy Revocation: This type of revocation targets a particular proxy agreement with a specific individual or entity. It revokes the authority granted to that particular proxy holder, while leaving other proxy agreements intact. It is essential to precisely identify the type of revocation needed and include all relevant details, such as the date of the proxy agreement, the name of the proxy holder, and any specific instructions for revoking the proxy within the West Virginia Revocation of Proxy — Corporate Resolutions document. Consulting an attorney or legal professional is recommended to ensure compliance with West Virginia corporate laws and regulations.
