Proxy appointment rights govern who may vote by proxy and set formal, deposit, and inspection requirements for meetings. Members entitled to attend and vote may appoint a proxy to attend and vote on their behalf, subject to limits on speaking and voting rights, exclusions for companies without share capital and prescribed classes, and a prescribed cap on the number of members and shares a proxy may represent. Notices must state proxy entitlement; failure incurs officer liability. Proxy instruments must be written and signed or sealed, prescribed forms are immune from article-specific formal challenges, deposit periods exceeding forty-eight hours are reduced to forty-eight hours, officers issuing invitational proxy forms at company expense face penalties, and members may inspect lodged proxies with prior notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proxy appointment rights govern who may vote by proxy and set formal, deposit, and inspection requirements for meetings.
Members entitled to attend and vote may appoint a proxy to attend and vote on their behalf, subject to limits on speaking and voting rights, exclusions for companies without share capital and prescribed classes, and a prescribed cap on the number of members and shares a proxy may represent. Notices must state proxy entitlement; failure incurs officer liability. Proxy instruments must be written and signed or sealed, prescribed forms are immune from article-specific formal challenges, deposit periods exceeding forty-eight hours are reduced to forty-eight hours, officers issuing invitational proxy forms at company expense face penalties, and members may inspect lodged proxies with prior notice.
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