An Oklahoma Proxy Form — Corporate Resolutions is a legally binding document that grants a designated individual or entity the authority to act on behalf of another party during corporate decision-making processes. This proxy form is specifically designed for corporations operating in the state of Oklahoma and serves as an agreement between the corporate entity (the principal) and the authorized representative (the proxy). This form ensures that important corporate resolutions can still be made, even if the principal is unable or unavailable to attend meetings where such decisions are being made. By appointing a proxy through this document, a corporation can ensure that its interests are protected and its operations continue smoothly. The Oklahoma Proxy Form — Corporate Resolutions typically consists of several sections that outline the details of the proxy arrangement. These sections include: 1. Identification: The form begins by collecting crucial information about the corporation, such as its name, registered address, and federal tax identification number. Similarly, the proxy's identifying details are also included. 2. Appointment and Terms: This section specifies the appointment of the proxy, including the date of appointment and the duration of the proxy's authority. The terms of the proxy's actions and any limitations imposed by the corporation are also outlined here. 3. Proxy Powers: The form enumerates the specific powers granted to the proxy, which may include voting rights, the authority to sign documents, engage in financial transactions, or make binding decisions on behalf of the corporation. The exact powers can vary depending on the needs and preferences of the principal. 4. Revocation and Termination: This section details the conditions under which the proxy arrangement can be revoked or terminated. It outlines the process for notifying the proxy and officially revoking their authority. Additionally, any circumstances that automatically terminate the proxy arrangement, such as the death or incapacity of the principal, may also be included. Types of Oklahoma Proxy Form — Corporate Resolutions: 1. General Proxy Form — Corporate Resolutions: This is the most common type of proxy form used by corporations in Oklahoma. It grants broad powers to the designated proxy, allowing them to make decisions on virtually all matters on behalf of the principal. 2. Limited Proxy Form — Corporate Resolutions: This type of proxy form restricts the powers of the proxy to specific areas or topics. It is typically used when the principal wants to delegate decision-making authority in specific contexts while retaining control over other matters. 3. Shareholder Proxy Form — Corporate Resolutions: This proxy form specifically relates to shareholder meetings, granting a designated proxy the authority to represent and vote on behalf of a shareholder in corporate matters. Overall, an Oklahoma Proxy Form — Corporate Resolutions helps streamline decision-making processes within a corporation by authorizing a designated proxy to act on behalf of the principal.