Proxy
Proxy
- A Proxy is a
written authorization executed by a shareholder which empowers a person
specified in the proxy to cast the shareholder's votes on specified issues
at a specified shareholders' meeting. All shareholders enjoy the right to
vote in person or by proxy.
There are two types of proxies: Revocable Proxy and Irrevocable Proxy.
● Revocable Proxy: A Revocable Proxy is a proxy which can be changed or recast by the shareholder after the proxy vote has been cast.
● Irrevocable Proxy: An Irrevocable Proxy is a proxy which cannot be changed or recast by the shareholder after the proxy vote has been cast.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2007 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
Website development by
Vine Design.
There are two types of proxies: Revocable Proxy and Irrevocable Proxy.
● Revocable Proxy: A Revocable Proxy is a proxy which can be changed or recast by the shareholder after the proxy vote has been cast.
● Irrevocable Proxy: An Irrevocable Proxy is a proxy which cannot be changed or recast by the shareholder after the proxy vote has been cast.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2007 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
Website development by
Vine Design.