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Proxy Ballot Definition

Proxy Ballot Definition

33-1250. Voting; proxies; absentee ballots; applicability; definition A. If only one of the multiple owners of a unit is present at a meeting of the association, the owner is entitled to cast all the votes allocated to that unit. If more than one of the multiple owners are present, the votes allocated to that unit may be cast only in accordance with the agreement of a majority in interest of the multiple owners unless the declaration expressly provides …

Legal Definition of proxy

Legal Definition of proxy

A representative; an agent; a document appointing a representative. A proxy is a person who is designated by another to represent that individual at a meeting or before a public body. It also refers to the written authorization allowing one person to act on behalf of another. In corporate law, a proxy is the authority to vote stock. This authority is generally provided by the charter and bylaws of a corporation or by a state statute. If authority …

Proxy contest Definition

Proxy contest Definition

Oftentimes, situations (such as geographic constraints) occur that make it difficult or impossible for shareholders to actually vote at the various shareholder meetings. Alternatively, situations occur where certain actions undertaken by management or other shareholders are so critical to those interested that they may solicit the votes of shareholders prior to the actual meeting’s occurrence. In either of these situations, the shareholder may decide …