Collin Texas Revocation of Proxy

• Category: Corporations - Proxy
• State: Multi-State
• County: Collin
• Control #: US-03124BG
• Format: Word; Rich Text

Description

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. A proxy can also be revoked unless the terms of the proxy say otherwise. Collin Texas Revocation of Proxy is a legal document used in Collin County, Texas, to cancel or revoke a previously executed proxy. A proxy is a power given to someone to act on behalf of another person (the principal) in certain situations. However, there may be instances where the principal wants to terminate or nullify the proxy agreement due to various reasons, such as a change of circumstances or distrust. The Collin Texas Revocation of Proxy document enables the principal to officially terminate the authority granted to the proxy holder, ensuring that they can no longer make decisions or take actions on behalf of the principal. This revocation helps protect the principal's interests and ensures that their wishes and preferences are no longer represented by the proxy. Keywords: Collin Texas, Revocation of Proxy, legal document, power of attorney, proxy agreement, nullify, terminate, revoke, principal, proxy holder, authority, decisions, actions, interests, wishes, preferences. Different Types of Collin Texas Revocation of Proxy: 1. General Revocation of Proxy: This type of revocation document is the most common and widely applicable. It terminates all the powers granted to the proxy holder, allowing the principal to regain full control and decision-making authority. 2. Limited Revocation of Proxy: In some cases, the principal may want to revoke only certain powers previously granted to the proxy holder, while retaining others. The limited revocation document allows the principal to specify which powers are being revoked, ensuring a partial termination of the proxy agreement. 3. Conditional Revocation of Proxy: This type of revocation is used when the principal wants to terminate the proxy agreement based on a specific condition or event. The proxy remains active until the condition is met or the event occurs, at which point the revocation takes effect. 4. Complete Revocation of Proxy: As the name suggests, a complete revocation of proxy is a comprehensive termination of the entire proxy agreement. It cancels all powers previously granted to the proxy holder, leaving the principal with no ongoing representation. 5. Revocation of Proxy with new Appointment: In certain situations, the principal may want to not only revoke the existing proxy agreement but also appoint a new proxy holder. This kind of revocation document incorporates both the termination of the previous proxy agreement and the appointment of a new proxy, ensuring a smooth transition of power and representation for the principal. Keywords: General revocation, limited revocation, conditional revocation, complete revocation, new appointment, termination, powers, representation, proxy agreement.

Collin Texas Revocation of Proxy is a legal document used in Collin County, Texas, to cancel or revoke a previously executed proxy. A proxy is a power given to someone to act on behalf of another person (the principal) in certain situations. However, there may be instances where the principal wants to terminate or nullify the proxy agreement due to various reasons, such as a change of circumstances or distrust. The Collin Texas Revocation of Proxy document enables the principal to officially terminate the authority granted to the proxy holder, ensuring that they can no longer make decisions or take actions on behalf of the principal. This revocation helps protect the principal's interests and ensures that their wishes and preferences are no longer represented by the proxy. Keywords: Collin Texas, Revocation of Proxy, legal document, power of attorney, proxy agreement, nullify, terminate, revoke, principal, proxy holder, authority, decisions, actions, interests, wishes, preferences. Different Types of Collin Texas Revocation of Proxy: 1. General Revocation of Proxy: This type of revocation document is the most common and widely applicable. It terminates all the powers granted to the proxy holder, allowing the principal to regain full control and decision-making authority. 2. Limited Revocation of Proxy: In some cases, the principal may want to revoke only certain powers previously granted to the proxy holder, while retaining others. The limited revocation document allows the principal to specify which powers are being revoked, ensuring a partial termination of the proxy agreement. 3. Conditional Revocation of Proxy: This type of revocation is used when the principal wants to terminate the proxy agreement based on a specific condition or event. The proxy remains active until the condition is met or the event occurs, at which point the revocation takes effect. 4. Complete Revocation of Proxy: As the name suggests, a complete revocation of proxy is a comprehensive termination of the entire proxy agreement. It cancels all powers previously granted to the proxy holder, leaving the principal with no ongoing representation. 5. Revocation of Proxy with new Appointment: In certain situations, the principal may want to not only revoke the existing proxy agreement but also appoint a new proxy holder. This kind of revocation document incorporates both the termination of the previous proxy agreement and the appointment of a new proxy, ensuring a smooth transition of power and representation for the principal. Keywords: General revocation, limited revocation, conditional revocation, complete revocation, new appointment, termination, powers, representation, proxy agreement.