Thursday, September 29, 2016

Q&A: What is the difference between a proxy vote and a limited proxy?

November 14, 2010 by admin  
Filed under Discussions

Question by Trisha: What is the difference between a proxy vote and a limited proxy?

Our property owners association has a ballot and cover letter. The cover letter calls for a LIMITED PROXY to be given to our association president; The ballot it says we are giving our PROXY VOTE to our president. Could there not be a problem in how the proxy vote is used because of the two different words?

Best answer:

Answer by Jules
This is all I could find:

Proxy:
1: the agency, function, or office of a deputy who acts as a substitute for another 2: a: authority or power to act for another b: a document giving such authority; specifically : a power of attorney authorizing a specified person to vote corporate stock 3: a person authorized to act for another

I guess the president’s functions will be limited.

Proxy voting and delegated voting are procedures for the delegation to another member of a voting body of that member’s power to vote in his absence. Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations. A person so designated is called a “proxy” and the person designating him is called a “principal.”

Riddick’s Rules notes that under proxy voting, voting for officers should be done by ballot, citing the difficulties involved in authentication if a member simply calls out, “I cast seventeen votes for Mr. X.”

I don’t see there being a problem between the two.
Hope this helps. I have no idea what I’m doing. icon smile Q&A: What is the difference between a proxy vote and a limited proxy?

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Comments

One Response to “Q&A: What is the difference between a proxy vote and a limited proxy?”
  1. dagumpster says:

    A proxy cannot vote when the principal himself is present and votes. He can vote only in the principal’s absence. Where the authority conferred upon a proxy is limited to a designated or special purpose, a vote for another and different purpose is ineffective. A proxy in the usual, ordinary form confers authority to act only at the meeting then in contemplation, and in any adjourned-meetings of the same; hence, it may not be voted at another or different meeting held under a new call. A proxy’s unauthorized acts may be ratified by his appoint-er, and such ratification is equivalent to previous authority. According to the weight of authority, a proxy only to vote stock may be revoked at any time, notwithstanding any agreement that it shall be irrevocable. The sale in the meantime by a stockholder of his shares in a corporation or company automatically revokes any proxies made or given to vote in respect of such shares. And a proxy is also revoked where the party giving it attends the election in person, or gives subsequent proxy. Hence, a proxy cannot vote when the owner of the stock arrives late or is present and votes.

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