Filing a limited proxy form is an important step for small business owners with shareholders and board of directors. It can provide the legal framework for all parties to adhere to and provides protection to the small business in terms of decision making, rights, duties and obligations. Knowing when and how to properly file this form is essential if you are looking to protect yourself while complying with all applicable laws. In this blog post we will discuss why it’s important, who needs to fill out limited proxy forms and what you should look out for as a business owner when filing one.
| Question | Answer |
|---|---|
| Form Name | Limited Proxy Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | 61B-23, REVOCABLE, limited proxy form, limited proxy |
DBPR Form CO
Rule
Effective:_June 23, 2009_
SAMPLE LIMITED PROXY FORM
The undersigned, owner(s) or designated voter of unit No. ______ in______(name)___________
Condominium, appoints
(PRINT NAME OF PROXYHOLDER)
or _________________ (Instructions to associations: Fill in the name or position of an officer or director
who will serve as proxy holder.) as my proxyholder to attend the meeting of the members of
___________(name)___________Condominium Association, Inc., to be held ___(date)_____, 20__, at
_____(time)_____, in __________(place)_______, Florida. The proxyholder named above has the authority to
vote and act for me to the same extent that I would if personally present, with power of substitution, except that my proxyholder’s authority is limited as indicated below:
GENERAL POWERS (You may choose to grant general powers, limited powers or both. Check “General Powers” if you want your proxyholder to vote on other issues which might come up at the meeting and for which a limited proxy is not required).
_______ I authorize and instruct my proxy to use his or her best judgment on all other matters which properly
come before the meeting and for which a general power may be used.
LIMITED POWERS (FOR YOUR VOTE TO BE COUNTED ON THE FOLLOWING ISSUES, YOU MUST INDICATE YOUR PREFERENCE IN THE BLANK(S) PROVIDED BELOW).
I SPECIFICALLY AUTHORIZE AND INSTRUCT MY PROXYHOLDER TO CAST MY VOTE IN REFERENCE TO THE FOLLOWING MATTERS AS INDICATED BELOW:
(Instructions to associations; List below the specific questions or issues to be voted on. The following are only
examples.)
Financial Reporting Waiver
A.Do you want to provide for a lower level of
________ YES _______ NO
If yes, vote for one of the board proposed options below: (The option with the most votes will be the one implemented.)
LIST OPTIONS HERE
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DBPR Form CO
Rule
Effective:_June 23, 2009_
Reserve Funding Waiver
WAIVING OF RESERVES, IN WHOLE OR IN PART, OR ALLOWING ALTERNATIVE USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNANTICIPATED SPECIAL ASSESSMENTS REGARDING THOSE ITEMS:
B.Do you want to provide for less than full funding of reserves than is required by § 718.112(2)(f), Florida Statutes, for the next fiscal/calendar year?
________ YES _______ NO
If yes, vote for one of the board proposed options below: (The option with the most votes will be the one implemented.)
LIST OPTIONS HERE
DATE: _________ |
______________________________________________________________________ |
|
SIGNATURE(S) of OWNER(S) OR DESIGNATED VOTER |
SUBSTITUTION OF PROXYHOLDER
The undersigned, appointed as proxyholder above, designates _____________________________ to substitute for me in
voting the proxy as set forth above.(print name)
_____________________________________ |
Date: _____________ |
Signature of proxyholder |
|
THIS PROXY IS REVOCABLE BY THE UNIT OWNER AND IS VALID ONLY FOR THE MEETING FOR WHICH IT IS GIVEN AND ANY LAWFUL ADJOURNMENT. IN NO EVENT IS THE PROXY VALID FOR MORE THAN NINETY (90) DAYS FROM THE DATE OF THE ORIGINAL MEETING FOR WHICH IT WAS GIVEN.
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