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 Ohio Revocation of Proxy — Corporate Resolutions refers to a legal document that allows a shareholder or member of a corporation in the state of Ohio to cancel or revoke a previously granted proxy. A proxy is a legal authorization given by a shareholder or member to another person (known as the proxy holder) to vote on their behalf at a shareholders' meeting or other corporate event. The purpose of a Revocation of Proxy is to provide a means for shareholders or members to change their voting instructions if they wish to exercise their voting rights personally or assign their proxy to a different individual. Key elements of the Ohio Revocation of Proxy — Corporate Resolutions typically include: 1. Identifying Information: This includes the corporation's name, as well as the shareholder's or member's name and address. 2. Proxy Details: The document will mention the date when the initial proxy was given and provide a brief description of its terms. 3. Revocation Statement: The document will contain a clear and unequivocal statement revoking the previously issued proxy. This statement should leave no ambiguity about the shareholder's or member's intention to cancel the proxy. 4. Effective Date: The Revocation of Proxy will specify the date when the revocation takes effect. It is important to note that this date should be earlier than the upcoming shareholders' meeting or corporate event for which the proxy was originally granted. It is worth noting that the Ohio Revocation of Proxy — Corporate Resolutions may have different types or variations, depending on the specific circumstances or requirements of the corporation. Some possible variations may include: 1. General Revocation of Proxy: This is a standard form used to revoke a proxy without any additional conditions or restrictions. 2. Limited Revocation of Proxy: This type of revocation may be used when the shareholder or member wants to revoke only a specific portion of the proxy or for a specified period. This can be helpful if the shareholder or member wants to retain some voting rights while revoking the proxy for certain agenda items. 3. Revocation with Reassignment: This variation allows the shareholder or member to not only cancel the previously granted proxy but also assign the proxy to a different individual of their choosing. In conclusion, the Ohio Revocation of Proxy — Corporate Resolutions is a legally binding document that enables shareholders or members of an Ohio corporation to cancel or modify a previously bestowed proxy. It is important for individuals involved in corporate governance to understand the specifics of their corporation's revocation process to effectively exercise their voting rights.The Ohio Revocation of Proxy — Corporate Resolutions refers to a legal document that allows a shareholder or member of a corporation in the state of Ohio to cancel or revoke a previously granted proxy. A proxy is a legal authorization given by a shareholder or member to another person (known as the proxy holder) to vote on their behalf at a shareholders' meeting or other corporate event. The purpose of a Revocation of Proxy is to provide a means for shareholders or members to change their voting instructions if they wish to exercise their voting rights personally or assign their proxy to a different individual. Key elements of the Ohio Revocation of Proxy — Corporate Resolutions typically include: 1. Identifying Information: This includes the corporation's name, as well as the shareholder's or member's name and address. 2. Proxy Details: The document will mention the date when the initial proxy was given and provide a brief description of its terms. 3. Revocation Statement: The document will contain a clear and unequivocal statement revoking the previously issued proxy. This statement should leave no ambiguity about the shareholder's or member's intention to cancel the proxy. 4. Effective Date: The Revocation of Proxy will specify the date when the revocation takes effect. It is important to note that this date should be earlier than the upcoming shareholders' meeting or corporate event for which the proxy was originally granted. It is worth noting that the Ohio Revocation of Proxy — Corporate Resolutions may have different types or variations, depending on the specific circumstances or requirements of the corporation. Some possible variations may include: 1. General Revocation of Proxy: This is a standard form used to revoke a proxy without any additional conditions or restrictions. 2. Limited Revocation of Proxy: This type of revocation may be used when the shareholder or member wants to revoke only a specific portion of the proxy or for a specified period. This can be helpful if the shareholder or member wants to retain some voting rights while revoking the proxy for certain agenda items. 3. Revocation with Reassignment: This variation allows the shareholder or member to not only cancel the previously granted proxy but also assign the proxy to a different individual of their choosing. In conclusion, the Ohio Revocation of Proxy — Corporate Resolutions is a legally binding document that enables shareholders or members of an Ohio corporation to cancel or modify a previously bestowed proxy. It is important for individuals involved in corporate governance to understand the specifics of their corporation's revocation process to effectively exercise their voting rights.
