Form with which a shareholder who has granted another the right to vote on his/her behalf may revoke the granting of that right.
Maryland Revocation of Proxy — Corporate Resolutions is a legal document utilized in the state of Maryland to officially revoke a previously granted proxy or power of attorney for a corporation. This revocation essentially cancels any authority that had been given to a designated proxy holder who previously acted on behalf of a shareholder during corporate decision-making processes, such as voting on resolutions or attending meetings. The document typically begins by specifying the name of the corporation, the name of the shareholder who originally granted the proxy, and the name of the proxy holder. It also includes the date when the proxy was initially granted. This information helps to establish the context and ensure accurate identification of the parties involved. The Maryland Revocation of Proxy — Corporate Resolutions then proceeds to state the shareholder's clear intent to revoke the proxy and terminate the authority granted to the proxy holder. It emphasizes that all previous resolutions and actions taken by the proxy holder on the shareholder's behalf are no longer valid and should not be recognized or considered legally binding. This document is crucial as it ensures that corporate decision-making processes and voting procedures accurately reflect the shareholders' current preferences and intentions. It allows shareholders to make new decisions or select new proxy holders if necessary. Different types of Maryland Revocation of Proxy — Corporate Resolutions may include specific conditions or requirements that must be met for the revocation to be valid. For example, certain documents may require the revocation to be in writing and signed by the shareholder, while others may demand the presence of witnesses or notarization. In summary, the Maryland Revocation of Proxy — Corporate Resolutions is a legal instrument used to officially cancel a previously granted proxy or power of attorney for a corporation. It aims to ensure accurate representation of shareholder preferences by revoking any authority previously granted to a proxy holder. The specific types of revocation documents may vary, taking into account different conditions or requirements for their validity.Maryland Revocation of Proxy — Corporate Resolutions is a legal document utilized in the state of Maryland to officially revoke a previously granted proxy or power of attorney for a corporation. This revocation essentially cancels any authority that had been given to a designated proxy holder who previously acted on behalf of a shareholder during corporate decision-making processes, such as voting on resolutions or attending meetings. The document typically begins by specifying the name of the corporation, the name of the shareholder who originally granted the proxy, and the name of the proxy holder. It also includes the date when the proxy was initially granted. This information helps to establish the context and ensure accurate identification of the parties involved. The Maryland Revocation of Proxy — Corporate Resolutions then proceeds to state the shareholder's clear intent to revoke the proxy and terminate the authority granted to the proxy holder. It emphasizes that all previous resolutions and actions taken by the proxy holder on the shareholder's behalf are no longer valid and should not be recognized or considered legally binding. This document is crucial as it ensures that corporate decision-making processes and voting procedures accurately reflect the shareholders' current preferences and intentions. It allows shareholders to make new decisions or select new proxy holders if necessary. Different types of Maryland Revocation of Proxy — Corporate Resolutions may include specific conditions or requirements that must be met for the revocation to be valid. For example, certain documents may require the revocation to be in writing and signed by the shareholder, while others may demand the presence of witnesses or notarization. In summary, the Maryland Revocation of Proxy — Corporate Resolutions is a legal instrument used to officially cancel a previously granted proxy or power of attorney for a corporation. It aims to ensure accurate representation of shareholder preferences by revoking any authority previously granted to a proxy holder. The specific types of revocation documents may vary, taking into account different conditions or requirements for their validity.
