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 Michigan Revocation of Proxy — Corporate Resolutions is a legal document used in the state of Michigan to revoke a proxy previously granted by a shareholder of a corporation. A proxy is a written authorization given by a shareholder to another individual or entity, known as a proxy holder, to vote on behalf of the shareholder at a shareholder meeting. The revocation of proxy is necessary when a shareholder wishes to cancel or withdraw the previously granted authority of the proxy holder to vote on their behalf. This document ensures that the shareholder regains control over their own voting rights and enables them to make decisions directly at shareholder meetings. Key elements included in the Michigan Revocation of Proxy — Corporate Resolutions should consist of the following information: the corporation's name, the shareholder's name, the date of the previously granted proxy, and a clear statement revoking or canceling the proxy. It is essential that the document is signed and dated by the shareholder, indicating their intent to revoke the proxy. There are typically no specific types or variations of the Michigan Revocation of Proxy — Corporate Resolutions. However, it is important to note that corporations may have their own specific bylaws or guidelines outlining the process for revoking proxies. Therefore, it is recommended to consult the corporation's governing documents for any additional requirements or procedures. In summary, the Michigan Revocation of Proxy — Corporate Resolutions is a legal document that allows a shareholder to formally cancel or withdraw the authority previously granted to a proxy holder. By revoking the proxy, the shareholder retains control over their voting rights and can actively participate in decision-making at shareholder meetings.
