Phoenix Arizona Revocation of Proxy ā Corporate Resolutions is a legal document used by corporations in Phoenix, Arizona, to terminate or revoke a previously granted proxy authority. A proxy is a legal right granted to an individual or entity to act on behalf of another person or organization in making decisions or voting on certain matters. This document is crucial when there is a change in circumstances, a dispute arises, or if the principal wishes to regain control over their decision-making authority. It officially cancels the previous proxy authorization, ensuring that the designated proxy holder can no longer act on behalf of the corporation. The Phoenix Arizona Revocation of Proxy ā Corporate Resolutions typically includes important information such as the name of the corporation, the date when the proxy was initially granted, the name and contact details of the proxy holder, and the specific reasons for revoking the proxy. There are different types of Phoenix Arizona Revocation of Proxy ā Corporate Resolutions that may vary based on the specific situation or circumstances: 1. General Revocation of Proxy: This type of revocation applies to all proxies granted to the designated proxy holder. It terminates the entire proxy agreement and revokes all previous proxy authorizations. 2. Limited Revocation of Proxy: In some cases, the principal may wish to revoke only a specific proxy granted for a particular purpose or meeting. This limited revocation allows the principal to maintain other proxy authorizations for different matters. 3. Permanent Revocation of Proxy: This type of revocation is used when the principal has decided to permanently terminate the proxy authority. It is typically applicable when there is a loss of trust, a change in corporate structure, or the proxy holder is no longer eligible or available to act as a proxy. 4. Temporary Revocation of Proxy: Sometimes, principals may need to temporarily suspend the proxy authority due to a particular situation or during a specific time period. This allows the principal to regain control temporarily while still maintaining the overall proxy arrangement. It is crucial to consult with an attorney or legal professional when drafting a Phoenix Arizona Revocation of Proxy ā Corporate Resolutions to ensure it meets all legal requirements and accurately reflects the intentions of the principal.
Para su conveniencia, debajo del texto en espaƱol le brindamos la versiĆ³n completa de este formulario en inglĆ©s. For your convenience, the complete English version of this form is attached below the Spanish version.