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What is a proxy letter?

A Proxy Form is a document by which a registered member of a company appoints another person (the proxy) to attend a company meeting and vote on the members behalf.

Is a shareholder proxy revocable?

(b) No proxy shall be valid after the expiration of eleven months from the date thereof unless otherwise provided in the proxy. Every proxy shall be revocable at the pleasure of the shareholder executing it, except as otherwise provided in this section.

What does a proxy form do?

When you sign this proxy form, you authorize the proxyholder to act and vote your shares on your behalf at the meeting and any adjournment, and to carry out your voting instructions. If you are an individual shareholder, you or your authorized attorney must sign the proxy form.

How long are proxy agreements good for?

Most states automatically limit proxy duration to a period of eleven months or less. The logic here is that they presume that while the shareholder may wish to have her vote cast for her at one years meeting, she may not wish to give away her voting power indefinitely.

What is proxy agreement?

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.

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