Chicago Illinois Revocación de Poder - Revocation of Proxy

• Category: Corporaciones - Proxy - Sin fines de lucro
• State: Multi-State
• City: Chicago
• Control #: US-03124BG
• Format: Word

Description

Proxy voting refers to the procedure of delegating the right to vote by one person to another. In proxy voting in the absence of a person his/her vote will be secured by some other person. A person so designated to cast the vote of another is called a "proxy" and the person who delegates the power is called a principal. A voter must have a trust in the proxy. Any person including the official of the chosen party can be appointed as the proxy. A proxy can also be revoked unless the terms of the proxy say otherwise. Chicago Illinois Revocation of Proxy is a legal document used to cancel or terminate a previously granted proxy authority. When an individual assigns someone else to represent them and make decisions on their behalf, such as voting at corporate shareholder meetings, they can later decide to revoke or cancel that authority by using a Revocation of Proxy. In Chicago, Illinois, there are various types of Revocation of Proxy documents that individuals can use depending on the specific situation: 1. General Revocation of Proxy: This type of revocation cancels the proxy authority in its entirety. It is used when the individual wants to revoke all proxy powers previously granted and no longer wishes to be represented by the proxy holder. 2. Specific Revocation of Proxy: This revocation is more specific and only cancels certain proxy powers that were previously granted. It is used when the individual wants to revoke certain decision-making authorities but still wishes to allow the proxy holder to act on their behalf in other matters. 3. Automatic Revocation of Proxy: This type of revocation occurs automatically under certain circumstances. For example, if the individual who granted the proxy passes away or becomes mentally incapacitated, the proxy authority is automatically revoked. 4. Proxy Revocation by Notice: In some cases, a revocation of proxy can be made by providing written notice to the proxy holder. This notice serves as an official notification that the proxy authority is being revoked. 5. Proxy Revocation by Execution of New Proxy: A proxy authority can also be revoked by executing a new proxy document. This is done when the individual wants to assign a new proxy holder and revoke the previous proxy authority simultaneously. It is important to consult with a legal professional or follow the specific guidelines mentioned in the original proxy document to ensure that the Chicago Illinois Revocation of Proxy is properly executed and legally binding.

Chicago Illinois Revocation of Proxy is a legal document used to cancel or terminate a previously granted proxy authority. When an individual assigns someone else to represent them and make decisions on their behalf, such as voting at corporate shareholder meetings, they can later decide to revoke or cancel that authority by using a Revocation of Proxy. In Chicago, Illinois, there are various types of Revocation of Proxy documents that individuals can use depending on the specific situation: 1. General Revocation of Proxy: This type of revocation cancels the proxy authority in its entirety. It is used when the individual wants to revoke all proxy powers previously granted and no longer wishes to be represented by the proxy holder. 2. Specific Revocation of Proxy: This revocation is more specific and only cancels certain proxy powers that were previously granted. It is used when the individual wants to revoke certain decision-making authorities but still wishes to allow the proxy holder to act on their behalf in other matters. 3. Automatic Revocation of Proxy: This type of revocation occurs automatically under certain circumstances. For example, if the individual who granted the proxy passes away or becomes mentally incapacitated, the proxy authority is automatically revoked. 4. Proxy Revocation by Notice: In some cases, a revocation of proxy can be made by providing written notice to the proxy holder. This notice serves as an official notification that the proxy authority is being revoked. 5. Proxy Revocation by Execution of New Proxy: A proxy authority can also be revoked by executing a new proxy document. This is done when the individual wants to assign a new proxy holder and revoke the previous proxy authority simultaneously. It is important to consult with a legal professional or follow the specific guidelines mentioned in the original proxy document to ensure that the Chicago Illinois Revocation of Proxy is properly executed and legally binding.

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.