Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
The Massachusetts Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder of a Massachusetts corporation to revoke a previously granted proxy. A proxy is a document that authorizes someone else to vote on behalf of the shareholder at a corporate meeting or election. When a shareholder decides to revoke their proxy, they use this document to formally notify the corporation that they no longer wish for their designated proxy to vote on their behalf. This revocation of proxy comes into effect once it is properly delivered to the corporation. The document typically includes relevant information such as the name and address of the shareholder, the name of the corporation, and the date of the previously granted proxy. It may also include specific instructions regarding which proxy is being revoked if multiple proxies were granted. There are different types of Massachusetts Revocation of Proxy — Corporate Resolutions depending on the circumstances. Some common types include: 1. General Revocation of Proxy: This type of revocation cancels the authority of the proxy holder completely, revoking all proxies previously granted. 2. Specific Revocation of Proxy: This type of revocation specifies the particular proxy that the shareholder intends to revoke. It may be used when there are multiple proxies granted, and the shareholder only wishes to revoke one of them. 3. Partial Revocation of Proxy: In some cases, a shareholder may want to revoke a portion of a previously granted proxy while still allowing some authority to the proxy holder. This type of revocation specifies the specific powers or instructions that are being revoked. It is important for the shareholder to carefully consider their decision to revoke a proxy, as it may impact their voting rights and influence in the corporation. Consulting with legal counsel or reviewing the corporation's bylaws and governing documents before revoking a proxy is advisable. Overall, the Massachusetts Revocation of Proxy — Corporate Resolutions is a crucial legal document that allows shareholders to exercise control over their voting rights and ensure that their voice is adequately represented at corporate meetings or elections.The Massachusetts Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder of a Massachusetts corporation to revoke a previously granted proxy. A proxy is a document that authorizes someone else to vote on behalf of the shareholder at a corporate meeting or election. When a shareholder decides to revoke their proxy, they use this document to formally notify the corporation that they no longer wish for their designated proxy to vote on their behalf. This revocation of proxy comes into effect once it is properly delivered to the corporation. The document typically includes relevant information such as the name and address of the shareholder, the name of the corporation, and the date of the previously granted proxy. It may also include specific instructions regarding which proxy is being revoked if multiple proxies were granted. There are different types of Massachusetts Revocation of Proxy — Corporate Resolutions depending on the circumstances. Some common types include: 1. General Revocation of Proxy: This type of revocation cancels the authority of the proxy holder completely, revoking all proxies previously granted. 2. Specific Revocation of Proxy: This type of revocation specifies the particular proxy that the shareholder intends to revoke. It may be used when there are multiple proxies granted, and the shareholder only wishes to revoke one of them. 3. Partial Revocation of Proxy: In some cases, a shareholder may want to revoke a portion of a previously granted proxy while still allowing some authority to the proxy holder. This type of revocation specifies the specific powers or instructions that are being revoked. It is important for the shareholder to carefully consider their decision to revoke a proxy, as it may impact their voting rights and influence in the corporation. Consulting with legal counsel or reviewing the corporation's bylaws and governing documents before revoking a proxy is advisable. Overall, the Massachusetts Revocation of Proxy — Corporate Resolutions is a crucial legal document that allows shareholders to exercise control over their voting rights and ensure that their voice is adequately represented at corporate meetings or elections.
