Lima Arizona Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder of a corporation in Lima, Arizona, to withdraw or cancel their previously granted proxy authority to another person or entity. This revocation ensures that the shareholder regains control over their voting rights and decision-making powers concerning corporate affairs. When a shareholder appoints a proxy, they essentially delegate their voting rights to another person to represent their interests in corporate matters. However, circumstances may change, and the shareholder may wish to take back their authority or entrust it to someone else. In such cases, the Lima Arizona Revocation of Proxy — Corporate Resolutions is used to revoke the existing proxy status. This document outlines the necessary details involved in the revocation process. It typically includes the name of the corporation, the shareholder's name, the date of the original proxy appointment, and the identification of the proxy holder who is being revoked. By clearly specifying the revocation intention, the shareholder ensures that their original proxy designation is no longer valid. It is important to note that there can be different types of Lima Arizona Revocation of Proxy — Corporate Resolutions, depending on the specific circumstances or requirements of the shareholder. Some possible variations include: 1. Unilateral Revocation: This is the most common type, wherein the shareholder cancels the proxy authorization without input or agreement from the proxy holder. The shareholder simply completes the necessary form, signs it, and submits it as per the legal procedure. 2. Mutual Agreement Revocation: In some cases, both parties — the shareholder and the proxholdde— - may agree to annul the proxy arrangement and switch to a different appointee. This type of revocation requires the consent and cooperation of both parties involved. 3. Revocation with Replacement: This occurs when a shareholder decides to revoke the proxy designation but simultaneously designates another person or entity as their new proxy holder. This type of revocation comes into effect upon the appointment of the replacement proxy. In any case, the Lima Arizona Revocation of Proxy — Corporate Resolutions can serve as an effective legal instrument to revoke a previously granted proxy authority. It ensures that shareholders retain control over their decision-making powers in corporate matters and allows for flexibility in changing proxy designations as circumstances dictate. By carefully completing and submitting this document in compliance with relevant Lima, Arizona corporate laws, shareholders can safeguard their interests and rights within the corporation.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.