What is a proxy coupled with an interest?

In general, a proxy is revocable, but it may be made irrevocable if the proxy is expressly stated to be irrevocable and it is "coupled with an interest." Typical situations that make the proxy "coupled with an interest" are: (1) where the proxy holder has purchased or agreed to purchase the shares, (2) the proxy holder

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Proxy - Revocable

Maine Proxy - Revocable

Name: Maine Proxy - Revocable
Brand: US Legal Forms
Rating: 4.86 (226 reviews)

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Corporations - Proxy

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Multi-State

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US-03125BG

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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.

Maine Proxy — Revocable is a legal document or authorization that allows an individual (the principal) to appoint another person (the proxy) to make decisions and take actions on their behalf. The term "revocable" means that the principal has the power to revoke or cancel the proxy at any time. This proxy type is specifically recognized and governed by the laws of the state of Maine in the United States. It is commonly used in various scenarios, such as healthcare decisions, financial matters, or legal representation. A proxy can be appointed for a specific purpose or for a broader range of decision-making authority. In Maine, there are different types or variations of Proxy — Revocable that individuals can utilize based on their specific needs: 1. Healthcare Proxy — Revocable: This type of proxy is specifically designed to handle healthcare-related decisions in the event that the principal becomes incapacitated or unable to make medical choices themselves. The appointed proxy becomes authorized to make healthcare decisions on their behalf, ensuring that their medical wishes are honored. 2. Financial Proxy — Revocable: A financial proxy grants the proxy holder the authority to manage the principal's financial matters, including banking, investments, real estate, and other financial transactions. This proxy can be suitable for individuals who may be unable to handle their financial affairs due to age, physical limitations, or other circumstances. 3. Legal Proxy — Revocable: A legal proxy grants the appointed person the power to represent the principal in legal matters. They can sign legal documents, enter into contracts, and act on behalf of the principal in various legal proceedings. This type of proxy can be useful when someone needs legal representation but is unable to personally attend to such matters. In summary, Maine Proxy — Revocable refers to a legal document enabling someone to appoint another person, with the ability to revoke or cancel, to act on their behalf in making decisions in specific areas such as healthcare, finance, or legal matters. Different types of proxies, including Healthcare Proxy — Revocable, FinanciaProox— - Revocable, and Legal Proxy — Revocable, are commonly used in Maine to fulfill specific needs based on the principal's requirements.

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An irrevocable proxy is a type of proxy that cannot be revoked for a specific period of time. Though most proxies are revocable, some can be made irrevocable with the addition of a clause that explicitly states it to be so.

Key Takeaways. A proxy vote is a ballot cast by one person or firm on behalf of a shareholder of a corporation who may not be able to attend a shareholder meeting, or who otherwise desires not to vote on an issue.

A proxy is: (a) a written document; (b) issued by a member of an association; and (c) providing authority of another individual to act on behalf of such member. The individual being appointed as the proxy-holder does not need to be a member of the association to be appointed.

Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external.

Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to a corporate action in writing without a meeting may authorize another person or persons to act for him by proxy.

Definition. A person designated by another to attend a shareholders' meeting and vote on their behalf. A proxy can be revoked at any time by the grantor, unless it has been coupled with an interest.

The cardinal rules regarding issuance of a proxy are that the document must be in writing, and it must be dated and signed by the record owner or his attorney in fact. Unless indicated otherwise, the term of a proxy is 11 months from its issuance.

In general, a proxy is revocable, but it may be made irrevocable if the proxy is expressly stated to be irrevocable and it is "coupled with an interest." Typical situations that make the proxy "coupled with an interest" are: (1) where the proxy holder has purchased or agreed to purchase the shares, (2) the proxy holder

Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

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He did not always cast these proxy votes the same way, instead following the instructions of individual MPs. Thomas E. Mann and Norman J. Ornstein write, "In a ... For example: ?You can use a revocable trust during your lifetime as a kind of a proxy for either somebody acting under a power of attorney ...Free Shareholder Proxy. Create and print for free in about 5-10 minutes. Complete a short questionnaire. Print and download instantly. Preparing wills, trusts (both revocable and irrevocable), powers of attorney, health care directives and health care proxy declarations; Advising clients ... Under Maine law, holders of non-voting common stock of the Company who do notYou may file a written revocation of the proxy with the Corporate Clerk of ... at One IDEXX Drive, Westbrook, Maine 04092.proxy statement or annual report if you call or write us at the following address or ...72 pages ? at One IDEXX Drive, Westbrook, Maine 04092.proxy statement or annual report if you call or write us at the following address or ... You may also click here to download a power of attorney/health care proxy form. If you do not fill out a Funeral Planning Declaration, your health care power of ... In the Northeast Bancorp proxy statement dated October 18, 2012,to file with the Secretary of State of the State of Maine if Proposal 4 is approved. 2021, at the offices of Apex, Three Canal Plaza, Portland, Maine 04101. If you plan to vote by mail, you should complete the Proxy Card by:. Condominium?) located in the Town of York, Maine to the MaineAssociation, and either, in person or by proxy, shall be entitled to vote for each Unit.

Maine Proxy - Revocable

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