What is a proxy coupled with an interest?

In general, a proxy is revocable, but it may be made irrevocable if the proxy is expressly stated to be irrevocable and it is "coupled with an interest." Typical situations that make the proxy "coupled with an interest" are: (1) where the proxy holder has purchased or agreed to purchase the shares, (2) the proxy holder

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Revocable or Irrevocable Proxy

Riverside California Revocable or Irrevocable Proxy

Name: Riverside California Revocable or Irrevocable Proxy
Brand: US Legal Forms
Rating: 4.6 (285 reviews)

Category:

Corporations - Proxy

State:

Multi-State

County:

Riverside

Control #:

US-01581

Format:

Instant download

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.

Declaration of Supervised Visitation Provi...

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How to fill out Riverside California Revocable Or Irrevocable Proxy?

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FAQ

A proxy is a person who is designated by another to represent that individual at a meeting or before a public body. It also refers to the written authorization allowing one person to act on behalf of another. In corporate law, a proxy is the authority to vote stock.

An irrevocable proxy is an enforceable power granted by the owner to another party to exercise his voting rights independently, without requiring his consent each time.

A proxy agreement is an agreement that grants authority for an individual to do legal tasks for another individual. An example of this would be when a shareholder assigns permission to a person to vote on their behalf.

Related Definitions Agency coupled with an interest means an agency in which the agent has a legal interest in the subject matter. Such an agency is not terminated automatically, as are other agencies, by the death of the principal but continue in effect until the agent can realize upon its legal interest.

In general, a proxy is revocable, but it may be made irrevocable if the proxy is expressly stated to be irrevocable and it is "coupled with an interest." Typical situations that make the proxy "coupled with an interest" are: (1) where the proxy holder has purchased or agreed to purchase the shares, (2) the proxy holder

(f) A proxy may be revoked, notwithstanding a provision making it irrevocable, by a transferee of shares without knowledge of the existence of the provision unless the existence of the proxy and its irrevocability appears, in the case of certificated securities, on the certificate representing such shares, or in the

A revocable proxy is an authorization to a person to act on behalf of another party, which may be revoked at any time by the grantor of the proxy. The revocable proxy can set forth the specific authority granted and the term of the proxy.

Revocable() The Proxy. revocable() method is used to create a revocable Proxy object.

Irrevocable Proxy: Voting Rights This Standard Document is a form of voting proxy agreement that is intended for use in connection with a pledge of limited liability company (LLC) interests given as collateral for a mezzanine loan.

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An irrevocable proxy becomes revocable when the interest which supports the proxy has terminated. Of section 620.

5 or 626.5A or is given in electronic form under other circumstances prescribed in the regulations. Any person who exercises a power of revocation must comply with section 626.6 or 626.5. A revocation shall not require notice to the person affected. For example, a person who gives a written instrument which imposes a duty to pay an amount to a recipient to which section 630 allows payment under subsection 627 (1) may revoke that instrument by a written instrument that imposes a different duty to make a payment to the recipient under section 630 or by a written instrument that is in writing but not in electronic form and is given after the person has accepted the person's responsibility for meeting the payment. (6) Nothing in this section limits the application by a director of the corporation of any other provision of this Act that is provided for or limited in relation to the corporation.

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Riverside California Revocable or Irrevocable Proxy

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