Franklin Ohio Revocation of Proxy

• Category: Corporations - Proxy
• State: Multi-State
• County: Franklin
• 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. Franklin Ohio Revocation of Proxy is a legal document used to cancel or revoke a previously granted proxy appointment in the city of Franklin, Ohio. A proxy appointment allows an individual, called the principal, to appoint another person, called the proxy, to act on their behalf in making decisions or voting during meetings. However, circumstances may arise where the principal may wish to revoke the authority granted to the proxy. In Franklin, Ohio, there are several types of Revocation of Proxy that may be utilized depending on the specific situation. These include: 1. General Revocation of Proxy: This type of revocation cancels the proxy appointment in its entirety, extinguishing all authority previously granted to the proxy. It is a comprehensive revocation that invalidates any and all previous proxy appointments made by the principal. 2. Partial Revocation of Proxy: This variant of revocation eliminates the proxy's authority in certain specified matters or agenda items. The principal may wish to retain the proxy's authority for certain specific decisions while revoking it for others. 3. Temporary Revocation of Proxy: Sometimes, a principal may only want to revoke the proxy appointment for a limited period. This temporary revocation suspends the proxy's authority for the specified duration, after which the proxy appointment may be reinstated. 4. Conditional Revocation of Proxy: In certain situations, a principal may impose conditions upon the proxy's authority, and a conditional revocation may be used to alter or eliminate those conditions. This type of revocation allows the principal to modify the terms initially granted to the proxy. When initiating a Franklin Ohio Revocation of Proxy, several essential aspects need to be included in the document. These may encompass the full name and contact details of both the principal and the proxy, the date of the proxy appointment, a clear statement expressing the intention to revoke the proxy appointment, and the effective date of the revocation. Additionally, it is crucial to clearly indicate whether the revocation is general or partial, temporary or conditional. Any specifications regarding the matters over which the proxy's authority is revoked should be explicitly stated in the revocation document. Revoking a proxy appointment involves formal procedures, and it's advisable to consult with legal professionals when drafting or executing a Franklin Ohio Revocation of Proxy to ensure compliance with local laws and regulations.

Franklin Ohio Revocation of Proxy is a legal document used to cancel or revoke a previously granted proxy appointment in the city of Franklin, Ohio. A proxy appointment allows an individual, called the principal, to appoint another person, called the proxy, to act on their behalf in making decisions or voting during meetings. However, circumstances may arise where the principal may wish to revoke the authority granted to the proxy. In Franklin, Ohio, there are several types of Revocation of Proxy that may be utilized depending on the specific situation. These include: 1. General Revocation of Proxy: This type of revocation cancels the proxy appointment in its entirety, extinguishing all authority previously granted to the proxy. It is a comprehensive revocation that invalidates any and all previous proxy appointments made by the principal. 2. Partial Revocation of Proxy: This variant of revocation eliminates the proxy's authority in certain specified matters or agenda items. The principal may wish to retain the proxy's authority for certain specific decisions while revoking it for others. 3. Temporary Revocation of Proxy: Sometimes, a principal may only want to revoke the proxy appointment for a limited period. This temporary revocation suspends the proxy's authority for the specified duration, after which the proxy appointment may be reinstated. 4. Conditional Revocation of Proxy: In certain situations, a principal may impose conditions upon the proxy's authority, and a conditional revocation may be used to alter or eliminate those conditions. This type of revocation allows the principal to modify the terms initially granted to the proxy. When initiating a Franklin Ohio Revocation of Proxy, several essential aspects need to be included in the document. These may encompass the full name and contact details of both the principal and the proxy, the date of the proxy appointment, a clear statement expressing the intention to revoke the proxy appointment, and the effective date of the revocation. Additionally, it is crucial to clearly indicate whether the revocation is general or partial, temporary or conditional. Any specifications regarding the matters over which the proxy's authority is revoked should be explicitly stated in the revocation document. Revoking a proxy appointment involves formal procedures, and it's advisable to consult with legal professionals when drafting or executing a Franklin Ohio Revocation of Proxy to ensure compliance with local laws and regulations.