Mississippi 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. Mississippi Revocation of Proxy is a legal document that allows an individual to cancel or revoke a previously appointed proxy. This revocation puts an end to the authority given to the appointed proxy to make decisions or act on behalf of the person granting the proxy. The state of Mississippi recognizes the importance of providing individuals with the ability to terminate a proxy arrangement if they wish to do so. There are different types of Mississippi Revocation of Proxy which include: 1. General Revocation of Proxy: This type of revocation cancels all previously granted proxies regardless of their specific purpose or scope. It functions as a blanket termination of any proxy arrangements that may have been put in place by the person revoking the proxy. 2. Specific Revocation of Proxy: This type of revocation targets a particular proxy arrangement and terminates the authority of the proxy within the specified limits. It is used when the person granting the proxy wishes to revoke a specific proxy while leaving other proxies intact. 3. Limited Revocation of Proxy: This type of revocation restricts the authority of the proxy to act or make decisions on behalf of the person granting the proxy. It may limit the proxy's powers to specific actions, time periods, or particular matters, allowing the person granting the proxy to retain control over other aspects of decision-making. When executing a Mississippi Revocation of Proxy, it is important to include key details to ensure validity and clarity. These may include the names and contact information of both the person revoking the proxy and the proxy holder, the date of revocation, and a clear statement expressing the intent to revoke all or a specific proxy. The revocation should be signed and witnessed by two neutral witnesses to ensure its authenticity. In conclusion, a Mississippi Revocation of Proxy is a legal instrument that allows individuals to terminate or cancel proxy arrangements. It provides the flexibility to revoke all proxies, target specific arrangements, or limit the proxy's authority. Executing this document with clear and accurate information ensures the revocation is properly communicated and legally recognized.

Mississippi Revocation of Proxy is a legal document that allows an individual to cancel or revoke a previously appointed proxy. This revocation puts an end to the authority given to the appointed proxy to make decisions or act on behalf of the person granting the proxy. The state of Mississippi recognizes the importance of providing individuals with the ability to terminate a proxy arrangement if they wish to do so. There are different types of Mississippi Revocation of Proxy which include: 1. General Revocation of Proxy: This type of revocation cancels all previously granted proxies regardless of their specific purpose or scope. It functions as a blanket termination of any proxy arrangements that may have been put in place by the person revoking the proxy. 2. Specific Revocation of Proxy: This type of revocation targets a particular proxy arrangement and terminates the authority of the proxy within the specified limits. It is used when the person granting the proxy wishes to revoke a specific proxy while leaving other proxies intact. 3. Limited Revocation of Proxy: This type of revocation restricts the authority of the proxy to act or make decisions on behalf of the person granting the proxy. It may limit the proxy's powers to specific actions, time periods, or particular matters, allowing the person granting the proxy to retain control over other aspects of decision-making. When executing a Mississippi Revocation of Proxy, it is important to include key details to ensure validity and clarity. These may include the names and contact information of both the person revoking the proxy and the proxy holder, the date of revocation, and a clear statement expressing the intent to revoke all or a specific proxy. The revocation should be signed and witnessed by two neutral witnesses to ensure its authenticity. In conclusion, a Mississippi Revocation of Proxy is a legal instrument that allows individuals to terminate or cancel proxy arrangements. It provides the flexibility to revoke all proxies, target specific arrangements, or limit the proxy's authority. Executing this document with clear and accurate information ensures the revocation is properly communicated and legally recognized.