North Carolina 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. A North Carolina Revocation of Proxy is a legal document used to cancel or revoke a previously granted proxy authorization in the state of North Carolina. This notarized document allows an individual, known as the "principal," to terminate the authority given to another person, referred to as the "proxy," to act on their behalf in making decisions or voting at meetings. In North Carolina, there may be different types of Revocation of Proxy forms depending on the specific context and purpose. Some common types include: 1. North Carolina Corporate Proxy Revocation: This form is used when a shareholder or member of a corporation wants to revoke a previously granted proxy authorization for voting or decision-making purposes during corporate meetings. 2. North Carolina Medical Proxy Revocation: This document is specifically designed for revoking a previously appointed medical proxy, also known as a healthcare agent or surrogate. Medical proxies are granted the authority to make medical decisions on behalf of the principal in the event of their incapacity. 3. North Carolina Financial Proxy Revocation: This form is used when an individual wants to terminate the authority given to a proxy to handle their financial affairs, such as accessing bank accounts, managing investments, or making financial decisions. Keywords: North Carolina, Revocation of Proxy, legal document, cancel, revoke, proxy authorization, principal, proxy, decision-making, voting, meetings, corporate, corporate proxy, shareholder, member, medical proxy, healthcare agent, surrogate, incapacity, financial proxy, financial affairs, bank accounts, investments, notarized document.

A North Carolina Revocation of Proxy is a legal document used to cancel or revoke a previously granted proxy authorization in the state of North Carolina. This notarized document allows an individual, known as the "principal," to terminate the authority given to another person, referred to as the "proxy," to act on their behalf in making decisions or voting at meetings. In North Carolina, there may be different types of Revocation of Proxy forms depending on the specific context and purpose. Some common types include: 1. North Carolina Corporate Proxy Revocation: This form is used when a shareholder or member of a corporation wants to revoke a previously granted proxy authorization for voting or decision-making purposes during corporate meetings. 2. North Carolina Medical Proxy Revocation: This document is specifically designed for revoking a previously appointed medical proxy, also known as a healthcare agent or surrogate. Medical proxies are granted the authority to make medical decisions on behalf of the principal in the event of their incapacity. 3. North Carolina Financial Proxy Revocation: This form is used when an individual wants to terminate the authority given to a proxy to handle their financial affairs, such as accessing bank accounts, managing investments, or making financial decisions. Keywords: North Carolina, Revocation of Proxy, legal document, cancel, revoke, proxy authorization, principal, proxy, decision-making, voting, meetings, corporate, corporate proxy, shareholder, member, medical proxy, healthcare agent, surrogate, incapacity, financial proxy, financial affairs, bank accounts, investments, notarized document.