Agreement and Irrevocable Proxy between _______ (Stockholder) and Wiser Investment Company, LLC regarding purchase of stocks dated December 13, 1999. 7 pages.
If your proxy can’t do their job, it might be good to have a backup plan or an alternate proxy named in your agreement. That way, there's no hiccup!
You can appoint someone you trust, like a family member, friend, or even a professional, as long as they are willing to take on the responsibility.
While you can try to write one yourself, it’s often a smart move to consult a lawyer to make sure everything is above board and meets the local laws.
It lasts until the specific task or time limit set in the agreement is completed or reached. Just make sure to read the fine print!
Nope! The whole point of an irrevocable proxy is that it can't be easily rescinded. Once you give it, it sticks like glue until the terms are fulfilled or it expires.
You might need it if you want someone else to manage your voting rights or decision-making for a particular issue and you want to make sure they keep that authority without any way of changing it later.
It's a legal document that allows one person to grant authority to another to make decisions or vote on their behalf in certain matters in Tucson, Arizona.