355.291. Proxy vote. - Missouri Statutes

Proxy vote.

355.291. 1. Unless the articles or bylaws prohibit orlimit proxy voting, a member may appoint a proxy to vote orotherwise act for the member by signing an appointment formeither personally or by an attorney-in-fact.

2. An appointment of a proxy is effective when received bythe secretary or other officer or agent authorized to tabulatevotes. An appointment is valid for eleven months unless adifferent period is expressly provided in the appointment form,but no proxy shall be valid for more than three years from thedate of the appointment's execution.

3. An appointment of a proxy is revocable by the member.

4. The death or incapacity of the member appointing a proxydoes not affect the right of the corporation to accept theproxy's authority unless notice of the death or incapacity isreceived by the secretary or other officer or agent authorized totabulate votes before the proxy exercises authority under theappointment.

5. Appointment of a proxy is revoked by the personappointing the proxy attending any meeting and voting in person,or signing and delivering to the secretary or other officer oragent authorized to tabulate proxy votes either a writtenstatement that the appointment of the proxy is revoked or asubsequent appointment form.

6. Subject to section 355.306 and any express limitation onthe proxy's authority appearing on the face of the appointmentform, a corporation is entitled to accept the proxy's vote orother action as that of the member making the appointment.

(L. 1994 H.B. 1095)

Effective 7-1-95