Wake North Carolina Revocation of Proxy

• Category: Corporations - Proxy
• State: Multi-State
• County: Wake
• 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. Wake North Carolina Revocation of Proxy is a legal document that allows an individual (the principal) to cancel or revoke the authority previously granted to someone else (the proxy holder) to act on their behalf in matters such as voting, decision-making, or representation. By revoking the proxy, the principal withdraws the proxy holder's powers and ensures they cannot make any further decisions or act on their behalf. This revocation document is specifically designed for residents of Wake County, North Carolina, ensuring compliance with the local laws and regulations. It is important to note that different types of revocations can exist within Wake North Carolina Revocation of Proxy, addressing various scenarios and circumstances. These may include: 1. General Wake North Carolina Revocation of Proxy: This type of revocation applies when the principal wants to revoke all previously granted proxy powers from the proxy holder. It nullifies any previous authorization, making it invalid from the date of revocation forward. 2. Single Issue Wake North Carolina Revocation of Proxy: In certain instances, a proxy holder may be authorized to act on a specific matter or issue. This type of revocation specifically addresses the termination of proxy powers related to that particular issue, while leaving other proxy authorization intact. 3. Limited Time Wake North Carolina Revocation of Proxy: Sometimes, a proxy is granted for a specific period or event. In this case, the principal may desire to revoke the proxy powers once the specified time or event has passed. This revocation restricts the proxy holder from acting as a representative beyond the designated time frame. 4. Wake North Carolina Revocation of Proxy with Substitution: This type of revocation is applicable when the principal intends to replace the existing proxy holder with a new person. It not only cancels the authorization of the current proxy holder but also designates a substitute to act on behalf of the principal. By executing a Wake North Carolina Revocation of Proxy, individuals hold the power to cancel or modify previous proxy authorizations, ensuring their representation and decision-making rights are preserved. It is crucial to consult with an attorney or notary public to ensure the revocation document is properly drafted and executed, adhering to the specific legal requirements of Wake County, North Carolina.

Wake North Carolina Revocation of Proxy is a legal document that allows an individual (the principal) to cancel or revoke the authority previously granted to someone else (the proxy holder) to act on their behalf in matters such as voting, decision-making, or representation. By revoking the proxy, the principal withdraws the proxy holder's powers and ensures they cannot make any further decisions or act on their behalf. This revocation document is specifically designed for residents of Wake County, North Carolina, ensuring compliance with the local laws and regulations. It is important to note that different types of revocations can exist within Wake North Carolina Revocation of Proxy, addressing various scenarios and circumstances. These may include: 1. General Wake North Carolina Revocation of Proxy: This type of revocation applies when the principal wants to revoke all previously granted proxy powers from the proxy holder. It nullifies any previous authorization, making it invalid from the date of revocation forward. 2. Single Issue Wake North Carolina Revocation of Proxy: In certain instances, a proxy holder may be authorized to act on a specific matter or issue. This type of revocation specifically addresses the termination of proxy powers related to that particular issue, while leaving other proxy authorization intact. 3. Limited Time Wake North Carolina Revocation of Proxy: Sometimes, a proxy is granted for a specific period or event. In this case, the principal may desire to revoke the proxy powers once the specified time or event has passed. This revocation restricts the proxy holder from acting as a representative beyond the designated time frame. 4. Wake North Carolina Revocation of Proxy with Substitution: This type of revocation is applicable when the principal intends to replace the existing proxy holder with a new person. It not only cancels the authorization of the current proxy holder but also designates a substitute to act on behalf of the principal. By executing a Wake North Carolina Revocation of Proxy, individuals hold the power to cancel or modify previous proxy authorizations, ensuring their representation and decision-making rights are preserved. It is crucial to consult with an attorney or notary public to ensure the revocation document is properly drafted and executed, adhering to the specific legal requirements of Wake County, North Carolina.