A Virginia Proxy Form — Corporate Resolutions is a legal document used by individuals or entities holding shares or ownership interests in a corporation. It allows them to appoint another person, typically known as a proxy, to vote on their behalf during a shareholders' meeting or special corporate resolution votes. The proxy form enables shareholders who are unable to attend the meeting in person to still have their votes counted and participate in decision-making processes. Proxy forms are commonly used in situations where a shareholder may not be able to attend due to distance, conflicting schedules, or other commitments. Key information included in a Virginia Proxy Form — Corporate Resolutions typically consists of the shareholder's name, address, contact details, and the number of shares or ownership interests they hold. The document will also require the appointment of a proxy with their name, address, contact details, and the specific meeting or resolution they are authorized to vote on behalf of the shareholder. In Virginia, there may be different types of Virginia Proxy Forms — Corporate Resolutions, depending on the purpose and scope of the voting authorization. Some common types include: 1. General Proxy: This type of proxy form grants the appointed proxy the authority to vote on behalf of the shareholder on all matters that arise during the shareholders' meeting or resolutions. 2. Limited Proxy: Unlike a general proxy, a limited proxy form specifies certain restrictions, limitations, or boundaries on the proxy's voting powers. The form may include specific resolutions or topics for which the proxy is authorized to vote, while excluding others. 3. Revocable Proxy: This type of proxy form allows the shareholder to revoke or terminate the proxy's authority at any time before the meeting or resolution takes place. This provides flexibility and enables the shareholder to change their decision or appoint a different proxy if necessary. 4. Irrevocable Proxy: In contrast to a revocable proxy, an irrevocable proxy form cannot be withdrawn or terminated by the shareholder once it is submitted. The appointment of an irrevocable proxy is often in relation to specific transactions or agreements that require a fixed commitment from the shareholder. It is essential to carefully review and understand the terms and conditions outlined in the Virginia Proxy Form — Corporate Resolutions before signing and submitting the document. Shareholders should also consult legal professionals or corporate advisors for any specific requirements or implications related to their particular circumstances.
Para su conveniencia, debajo del texto en español le brindamos la versiĂ³n completa de este formulario en inglĂ©s. For your convenience, the complete English version of this form is attached below the Spanish version.