proxy

(Contracted from procuracy.)

A person who is substituted or deputed by another to represent him and act for him, particularly in some meeting or public body. An agent representing and acting for principal. Also the instrument containing the appointment of such person. Cliffs Corporation v. United States, C.C.A.Ohio, 103 F.2d 77, 80.

Written authorization given by one person to another so that the second person can act for the first, such as that given by a shareholder to someone else to represent him and vote his shares at a shareholders' meeting.

Depending on the context, proxy may also refer to the grant of authority itself (the appointment), or the document granting the authority (the appointment form).

See also power of attorney

- voting trust

@ proxy marriage

A marriage contracted or celebrated through agents acting on behalf of one or both parties. A proxy marriage differs from the more conventional ceremony only in that one or both of the contracting parties are represented by an agent; all the other requirements having been met. State v. Anderson, 239 Or. 200, 396 P.2d 558, 561

+ proxy marriage

Marriage contracted or celebrated by one or more agents rather than by the parties themselves.

@ proxy statement

Information required by SEC to be given stockholders as a prerequisite to solicitation of proxies for a security subject to the requirements of Securities Exchange Act. The purpose of the proxy statement is to provide shareholders with the appropriate information to permit an intelligent decision on whether to permit their shares to be voted as solicited for particular matter at forthcoming stockholders meeting.

See also buried facts doctrine

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