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

Orange California Irrevocable Proxy

Name: Orange California Irrevocable Proxy
Brand: US Legal Forms
Rating: 4.61 (391 reviews)

Category:

Corporations - Proxy

State:

Multi-State

County:

Orange

Control #:

US-03122BG

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Proxy refers to someone who is authorized to serve in one's place at a meeting, especially with the right to right to vote on behalf of another. It may be written authority given to someone to act or vote in someone's place. A proxy is often used as a method for stockholders to cast votes at a meeting of shareholders, and by board members and convention delegates.

Proxy voting refers to the procedure of delegating the right to vote by one person to another. In proxy voting in the absence of a person his/her vote will be secured by some other person. A person so designated to cast the vote of another is called a "proxy" and the person who delegates the power is called a principal. A voter must have a trust in the proxy. Any person including the official of the chosen party can be appointed as the proxy.

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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.

Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

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

Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

Unless indicated otherwise, the term of a proxy is 11 months from its issuance. If multiple proxies are issued by the same shareholder, the only valid one is that which was issued latest in time.

An enforceable power granted by the owner to another party to exercise his voting rights independently without requiring his consent.

A proxy is a written statement that authorizes another person (called the proxy holder) to vote the shares or common interests for another shareholder or unit owner at a shareholder or special meeting. A general proxy gives the proxy holder the leverage to vote their own conscience.

Search Legal Terms and Definitions 1) someone who is authorized to serve in one's place at a meeting, particularly with the right to cast votes. 2) the written authority given to someone to act or vote in someone's place.

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.

Agency coupled with an interest is when an agent has possession or control of the property of his principal and possesses a legal rights against interference by third parties. It is an agency relationship in which the agent is given an estate or interest in the property that is the subject of the agency.

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Searching for a dentist in Orange Blossom FL? Sign up today to become a New Patient at Smile Design Dentistry in Central Florida!If a proxy is revocable, the following matter may be voted on only if the proxy form generally describes the matter: Removing a director without cause. (b) No proxy shall be valid after the expiration of eleven months from the date thereof unless otherwise provided in the proxy.

Orange California Irrevocable Proxy

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