Suffolk New York Revocación de Poder - Revocation of Proxy

• Category: Corporaciones - Proxy - Sin fines de lucro
• State: Multi-State
• County: Suffolk
• 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. Keywords: Suffolk New York, revocation of proxy, types Suffolk New York Revocation of Proxy refers to the legal process in which an individual withdraws or cancels a previously granted proxy, revoking the authority given to another person or entity to act as their representative in making decisions or voting on their behalf. This revocation can occur for various reasons, including a change in circumstances, a lack of confidence in the proxy holder, or a desire to exercise personal decision-making power. There are several types of Suffolk New York Revocation of Proxy, each catering to different situations and needs. These types include: 1. General Revocation of Proxy: This type of revocation applies across all matters for which a proxy was granted. It completely terminates the proxy relationship and cancels the authority previously given to the proxy holder. 2. Limited Revocation of Proxy: Unlike a general revocation, a limited revocation only applies to specific matters or a particular issue. This allows the principal to retain the proxy holder's authority for other matters while withdrawing it for certain decisions. 3. Conditional Revocation of Proxy: In a conditional revocation of proxy, the withdrawal of authority is contingent upon the occurrence of a specified event. This type of revocation ensures that the proxy's power is restored if the condition is not met, providing flexibility to the principal. 4. Partial Revocation of Proxy: A partial revocation allows the principal to withdraw authority for a portion of the matters covered by the proxy, while maintaining the proxy holder's power for the remaining issues. This type of revocation is suitable when the principal wants to retain some level of representation while revoking it for specific areas. 5. Automatic Revocation of Proxy: An automatic revocation occurs when a predefined event, such as the principal's death or incapacity, automatically terminates the proxy relationship. This is an inherent provision in many proxy agreements to ensure that a proxy's power ceases immediately in such circumstances. It is crucial to understand the various types of Suffolk New York Revocation of Proxy to effectively navigate the legalities surrounding proxy relationships. Seeking legal advice or consulting relevant documentation is advisable to ensure compliance with local laws and regulations.

Keywords: Suffolk New York, revocation of proxy, types Suffolk New York Revocation of Proxy refers to the legal process in which an individual withdraws or cancels a previously granted proxy, revoking the authority given to another person or entity to act as their representative in making decisions or voting on their behalf. This revocation can occur for various reasons, including a change in circumstances, a lack of confidence in the proxy holder, or a desire to exercise personal decision-making power. There are several types of Suffolk New York Revocation of Proxy, each catering to different situations and needs. These types include: 1. General Revocation of Proxy: This type of revocation applies across all matters for which a proxy was granted. It completely terminates the proxy relationship and cancels the authority previously given to the proxy holder. 2. Limited Revocation of Proxy: Unlike a general revocation, a limited revocation only applies to specific matters or a particular issue. This allows the principal to retain the proxy holder's authority for other matters while withdrawing it for certain decisions. 3. Conditional Revocation of Proxy: In a conditional revocation of proxy, the withdrawal of authority is contingent upon the occurrence of a specified event. This type of revocation ensures that the proxy's power is restored if the condition is not met, providing flexibility to the principal. 4. Partial Revocation of Proxy: A partial revocation allows the principal to withdraw authority for a portion of the matters covered by the proxy, while maintaining the proxy holder's power for the remaining issues. This type of revocation is suitable when the principal wants to retain some level of representation while revoking it for specific areas. 5. Automatic Revocation of Proxy: An automatic revocation occurs when a predefined event, such as the principal's death or incapacity, automatically terminates the proxy relationship. This is an inherent provision in many proxy agreements to ensure that a proxy's power ceases immediately in such circumstances. It is crucial to understand the various types of Suffolk New York Revocation of Proxy to effectively navigate the legalities surrounding proxy relationships. Seeking legal advice or consulting relevant documentation is advisable to ensure compliance with local laws and regulations.

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.