Quick Tip – Death or Incapacity of Member Appointing Proxy
The death or incapacity of a member appointing a proxy does not affect the right of the corporation to accept the proxy’s authority, unless notice of the death or incapacity is received by the Secretary or other officer or agent authorized to tabulate votes before the proxy exercises authority under the appointment. N.C. Gen. Stat. § 55A-7-24.
Disclaimer:
The content in this blog is for informational purposes only and is not be intended to be legal advice. It is accurate as of the date of publication but may not reflect the most current legal developments. For legal advice specific to your situation, please consult with an attorney.
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