Harris Texas Revocable or Irrevocable Proxy

• Category: Corporations - Proxy
• State: Multi-State
• County: Harris
• Control #: US-01581
• Format: Word; Rich Text

Description

This is a proxy form, by which a shareholder grants their vote to a proxy who will cast the vote for them. Typically used in corporate shareholder meeting votes. Proxys solicit the votes before the meeting, and obtain the proxy forms. A Harris Texas Revocable or Irrevocable Proxy is a legal document that grants someone else, known as the proxy, the authority to make decisions or take actions on behalf of another person, referred to as the principal. This proxy can be either revocable or irrevocable, each with its own distinct characteristics and implications. A revocable proxy in Harris Texas refers to a proxy that can be canceled or revoked by the principal at any time, and therefore provides more flexibility and control for the principal. By granting a revocable proxy, the principal allows the proxy to act on their behalf in specific situations, such as voting in an election or attending a meeting, but can also revoke the proxy's authority if they wish to do so. On the other hand, an irrevocable proxy in Harris Texas is a proxy that cannot be canceled or revoked once it has been granted by the principal. By granting an irrevocable proxy, the principal relinquishes their ability to change or withdraw the proxy's authority. This type of proxy is typically used in specific circumstances where the principal wants to ensure their wishes are carried out and cannot be altered in the future. It is worth noting that the different types of proxies can have various names or variations based on their specific purpose or context. For example, a medical proxy, also known as a healthcare proxy or durable power of attorney for healthcare, is a type of revocable proxy that grants someone the authority to make medical decisions on behalf of the principal. Another type is a shareholder proxy, which allows a person to vote on behalf of a shareholder in a corporation. In conclusion, a Harris Texas Revocable or Irrevocable Proxy is a legal document that grants authority to someone else, either revocable or irrevocable, to act on behalf of the principal. The decision to choose between a revocable or irrevocable proxy depends on the level of control and flexibility desired by the principal in delegating decision-making authority.

A Harris Texas Revocable or Irrevocable Proxy is a legal document that grants someone else, known as the proxy, the authority to make decisions or take actions on behalf of another person, referred to as the principal. This proxy can be either revocable or irrevocable, each with its own distinct characteristics and implications. A revocable proxy in Harris Texas refers to a proxy that can be canceled or revoked by the principal at any time, and therefore provides more flexibility and control for the principal. By granting a revocable proxy, the principal allows the proxy to act on their behalf in specific situations, such as voting in an election or attending a meeting, but can also revoke the proxy's authority if they wish to do so. On the other hand, an irrevocable proxy in Harris Texas is a proxy that cannot be canceled or revoked once it has been granted by the principal. By granting an irrevocable proxy, the principal relinquishes their ability to change or withdraw the proxy's authority. This type of proxy is typically used in specific circumstances where the principal wants to ensure their wishes are carried out and cannot be altered in the future. It is worth noting that the different types of proxies can have various names or variations based on their specific purpose or context. For example, a medical proxy, also known as a healthcare proxy or durable power of attorney for healthcare, is a type of revocable proxy that grants someone the authority to make medical decisions on behalf of the principal. Another type is a shareholder proxy, which allows a person to vote on behalf of a shareholder in a corporation. In conclusion, a Harris Texas Revocable or Irrevocable Proxy is a legal document that grants authority to someone else, either revocable or irrevocable, to act on behalf of the principal. The decision to choose between a revocable or irrevocable proxy depends on the level of control and flexibility desired by the principal in delegating decision-making authority.