Idaho Revocation of Proxy

• Category: Corporations - Proxy
• State: Multi-State
• Control #: US-03124BG
• Format: Word; Rich Text

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. Idaho Revocation of Proxy is a legal document that allows an individual to cancel or revoke a previously granted proxy authority. A proxy is a written authorization that gives another person, referred to as the agent or proxy holder, the power to act on behalf of the principal, who is the individual granting the proxy. There are various types of Idaho Revocation of Proxy, including: 1. General Revocation of Proxy: This type of revocation cancels all previous proxy authorities granted by the principal and terminates the agent's ability to act on their behalf. 2. Specific Revocation of Proxy: This form of revocation cancels a specific proxy authority previously granted by the principal, limiting the agent's power to act only in certain matters. 3. Automatic Revocation: In certain situations, the proxy authority may be automatically revoked by law. For example, if the principal becomes mentally incapacitated or deceased, the proxy authority automatically terminates. 4. Limited Term Revocation: This type of revocation sets a specific duration or time period during which the proxy authority is canceled. Once the specified time elapses, the proxy authority may automatically reinstate. It is important to note that revoking a proxy should be done in writing, clearly stating the intent to revoke the proxy authority. The document must be signed and dated by the principal to ensure its validity. The keywords relevant to Idaho Revocation of Proxy include Idaho, revocation, proxy, legal document, agent, principal, authorization, cancel, terminate, authority, specific, general, automatic, limited term, written, signed, and dated.

Idaho Revocation of Proxy is a legal document that allows an individual to cancel or revoke a previously granted proxy authority. A proxy is a written authorization that gives another person, referred to as the agent or proxy holder, the power to act on behalf of the principal, who is the individual granting the proxy. There are various types of Idaho Revocation of Proxy, including: 1. General Revocation of Proxy: This type of revocation cancels all previous proxy authorities granted by the principal and terminates the agent's ability to act on their behalf. 2. Specific Revocation of Proxy: This form of revocation cancels a specific proxy authority previously granted by the principal, limiting the agent's power to act only in certain matters. 3. Automatic Revocation: In certain situations, the proxy authority may be automatically revoked by law. For example, if the principal becomes mentally incapacitated or deceased, the proxy authority automatically terminates. 4. Limited Term Revocation: This type of revocation sets a specific duration or time period during which the proxy authority is canceled. Once the specified time elapses, the proxy authority may automatically reinstate. It is important to note that revoking a proxy should be done in writing, clearly stating the intent to revoke the proxy authority. The document must be signed and dated by the principal to ensure its validity. The keywords relevant to Idaho Revocation of Proxy include Idaho, revocation, proxy, legal document, agent, principal, authorization, cancel, terminate, authority, specific, general, automatic, limited term, written, signed, and dated.