Kansas 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. The Kansas Revocation of Proxy is a legal document that allows an individual, referred to as the "principal," to cancel or revoke a previously granted proxy appointment. This document is crucial when the principal no longer wishes to grant another person, known as the "proxy," the authority to act on their behalf. Kansas law recognizes different types of revocation of proxy, including: 1. General Revocation of Proxy: This type of revocation cancels the proxy appointment and revokes all powers previously given to the proxy. It essentially ends the proxy relationship entirely. 2. Limited Revocation of Proxy: This variation enables the principal to revoke only specific powers or limitations granted to the proxy, while leaving the remaining powers intact. The principal retains control over certain aspects while restricting the proxy's authority in others. 3. Conditional Revocation of Proxy: This type is used when the principal wishes to revoke the proxy's powers based on certain conditions or events. The proxy's authority becomes void if the specified condition is met or event occurs. 4. Durable Revocation of Proxy: Unlike a general revocation, a durable revocation remains effective even if the principal becomes incapacitated or mentally incompetent. It ensures the proxy appointment is terminated regardless of the principal's condition. 5. Springing Revocation of Proxy: This type of revocation comes into effect upon the occurrence of a specific event or condition determined by the principal. Once the triggering event takes place, the proxy's powers are automatically revoked. It is important to consult with an attorney or legal professional to ensure the Kansas Revocation of Proxy is prepared and executed correctly, as various factors may impact the validity and effectiveness of the document. By utilizing the appropriate type of revocation, the principal can maintain control over their affairs and ensure that decisions made on their behalf align with their current desires and intentions.

The Kansas Revocation of Proxy is a legal document that allows an individual, referred to as the "principal," to cancel or revoke a previously granted proxy appointment. This document is crucial when the principal no longer wishes to grant another person, known as the "proxy," the authority to act on their behalf. Kansas law recognizes different types of revocation of proxy, including: 1. General Revocation of Proxy: This type of revocation cancels the proxy appointment and revokes all powers previously given to the proxy. It essentially ends the proxy relationship entirely. 2. Limited Revocation of Proxy: This variation enables the principal to revoke only specific powers or limitations granted to the proxy, while leaving the remaining powers intact. The principal retains control over certain aspects while restricting the proxy's authority in others. 3. Conditional Revocation of Proxy: This type is used when the principal wishes to revoke the proxy's powers based on certain conditions or events. The proxy's authority becomes void if the specified condition is met or event occurs. 4. Durable Revocation of Proxy: Unlike a general revocation, a durable revocation remains effective even if the principal becomes incapacitated or mentally incompetent. It ensures the proxy appointment is terminated regardless of the principal's condition. 5. Springing Revocation of Proxy: This type of revocation comes into effect upon the occurrence of a specific event or condition determined by the principal. Once the triggering event takes place, the proxy's powers are automatically revoked. It is important to consult with an attorney or legal professional to ensure the Kansas Revocation of Proxy is prepared and executed correctly, as various factors may impact the validity and effectiveness of the document. By utilizing the appropriate type of revocation, the principal can maintain control over their affairs and ensure that decisions made on their behalf align with their current desires and intentions.