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 Texas Revocation of Proxy — Corporate Resolutions is a legal document used to terminate or revoke a proxy that has been previously granted by a shareholder or member of a corporation. A proxy is a written authorization allowing another individual or entity to represent and vote on behalf of the shareholder or member at corporate meetings. In Texas, the revocation of proxy can be initiated through a corporate resolution which is a formal decision or action taken by the corporation's board of directors or by its shareholders. This resolution must comply with the bylaws and governing rules of the particular corporation. There are different types of Texas Revocation of Proxy — Corporate Resolutions that can be implemented depending on the circumstances. Some common types include: 1. General Revocation of Proxy: This type of resolution revokes all proxies previously granted by the shareholder or member, without any specific restrictions or limitations. It invalidates all existing proxy authorizations. 2. Specific Revocation of Proxy: In certain cases, a shareholder may want to revoke a proxy for a specific meeting or event. This resolution focuses on revoking a proxy for a particular purpose, such as a specific corporate decision or transaction. 3. Partial Revocation of Proxy: This type of resolution is used when a shareholder or member wants to revoke only a portion of the proxy previously granted. It allows the individual to selectively revoke certain powers or rights granted through the proxy but protect others. To create a Texas Revocation of Proxy — Corporate Resolutions, the following information needs to be included: — Corporate details: The legal name of the corporation and its registered address. — Shareholder/member information: Name, address, contact details, and the number of shares or membership interest held by the individual revoking the proxy. — Details of the proxy: The date on which the proxy was originally granted, the name of the proxy holder, and any specific terms or conditions attached to the proxy. — Revocation details: Clear and unambiguous language stating the revocation of the proxy, including any limitations or conditions, such as specific events triggering the revocation. — Signature and date: The document should be signed by the shareholder or member revoking the proxy, and the date of revocation should be mentioned. It is important to note that the Texas Revocation of Proxy — Corporate Resolutions must be properly executed and comply with the relevant corporate laws and regulations of the state of Texas. Consulting an attorney experienced in corporate matters is advisable to ensure the legal validity and effectiveness of the revocation.The Texas Revocation of Proxy — Corporate Resolutions is a legal document used to terminate or revoke a proxy that has been previously granted by a shareholder or member of a corporation. A proxy is a written authorization allowing another individual or entity to represent and vote on behalf of the shareholder or member at corporate meetings. In Texas, the revocation of proxy can be initiated through a corporate resolution which is a formal decision or action taken by the corporation's board of directors or by its shareholders. This resolution must comply with the bylaws and governing rules of the particular corporation. There are different types of Texas Revocation of Proxy — Corporate Resolutions that can be implemented depending on the circumstances. Some common types include: 1. General Revocation of Proxy: This type of resolution revokes all proxies previously granted by the shareholder or member, without any specific restrictions or limitations. It invalidates all existing proxy authorizations. 2. Specific Revocation of Proxy: In certain cases, a shareholder may want to revoke a proxy for a specific meeting or event. This resolution focuses on revoking a proxy for a particular purpose, such as a specific corporate decision or transaction. 3. Partial Revocation of Proxy: This type of resolution is used when a shareholder or member wants to revoke only a portion of the proxy previously granted. It allows the individual to selectively revoke certain powers or rights granted through the proxy but protect others. To create a Texas Revocation of Proxy — Corporate Resolutions, the following information needs to be included: — Corporate details: The legal name of the corporation and its registered address. — Shareholder/member information: Name, address, contact details, and the number of shares or membership interest held by the individual revoking the proxy. — Details of the proxy: The date on which the proxy was originally granted, the name of the proxy holder, and any specific terms or conditions attached to the proxy. — Revocation details: Clear and unambiguous language stating the revocation of the proxy, including any limitations or conditions, such as specific events triggering the revocation. — Signature and date: The document should be signed by the shareholder or member revoking the proxy, and the date of revocation should be mentioned. It is important to note that the Texas Revocation of Proxy — Corporate Resolutions must be properly executed and comply with the relevant corporate laws and regulations of the state of Texas. Consulting an attorney experienced in corporate matters is advisable to ensure the legal validity and effectiveness of the revocation.
