Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
Hawaii Revocation of Proxy — Corporate Resolutions is a legal document used by shareholders or members of a corporation located in Hawaii to revoke a previously granted proxy. This document allows the individual who previously authorized another person to vote on their behalf at a corporate meeting to cancel or withdraw that authorization. The revocation of proxy is a crucial process that allows shareholders or members to change their minds, update their voting intentions, or reconsider their previous choice of proxy. It serves as a means for shareholders to exercise control over their voting rights and ensure their voices are accurately represented during corporate decision-making processes. This document should contain several key elements to be valid and enforceable. It should include the revoking shareholder's name, address, and contact information, as well as the name of the proxy holder whose authority is being revoked. The document should state the date when the proxy was initially granted and specify the corporate meeting or event for which the proxy was intended. It is essential to note that there may be different types of Hawaii Revocation of Proxy — Corporate Resolutions, considering the specific circumstances and requirements of each corporation. Some types include general revocation of proxy, which cancels the proxy holder's authority wholly and regardless of the subsequent actions taken by the proxy; specific revocation, which applies only to a particular corporate meeting or event; or conditional revocation, which is contingent upon the occurrence of certain events or conditions. Other variations of the document may include a partial revocation, where a shareholder decides to revoke the proxy for only a portion of their shares, leaving the proxy's authority intact for the remaining shares; or a revocation with substitution, allowing the shareholder to replace the proxy holder with another individual of their choice. Hawaii Revocation of Proxy — Corporate Resolutions should be prepared in accordance with Hawaii state laws and the corporation's bylaws, ensuring compliance with all legal requirements and procedures. It is advisable to consult an attorney or legal professional familiar with Hawaii corporate law to draft or review the document to ensure its accuracy, validity, and enforceability. In summary, Hawaii Revocation of Proxy — Corporate Resolutions allows shareholders or members of a corporation to cancel or withdraw a previously granted proxy. This legal document helps safeguard shareholders' voting rights, allowing them to have direct control over their shares and ensuring their opinions are accurately represented in corporate decision-making processes.
