A: My address affiliation is activity to accept our anniversary affair and our acquaintance is activity to be apery her son at this year’s meeting. She understands that as a bound proxy she can alone vote the will of the owner, and she will be voting according to his wishes. Her son has some comments he wants her to accomplish at the meeting. The admiral of our affiliation adumbrated that he did not appetite “non-owners” speaking at the meeting. Can she do it? — Nathan
Q: Proxies are specialized types of a certificate alleged a ability of advocate area a person, the “principal,” gives addition else, that person’s “agent,” the appropriate to act on their behalf. In anniversary ability of advocate agreement, the arch charge accurately set out what the abettor can do on their behalf. The abettor charge consistently act in the best absorption of the principal, and in accordance with that person’s wishes.
Proxies appear in two flavors: bound and general. Bound proxies absolute the abettor to vote a assertive way in an election, while accepted proxies accord the abettor added rights to act and allege on account of the assemblage owner. You should apprehend the proxy anatomy to actuate which blazon of proxy you are ambidextrous with. Remember, it is the agreeable of the certificate that matters, not necessarily its title.
Since your acquaintance has a bound proxy, she will alone be able to vote on account of her son. If she had a accepted proxy instead, she would be able to allege for her son as continued as your association’s abstracts did not acutely prohibit it.
Board-certified absolute acreage advocate Gary M. Singer writes about industry acknowledged affairs and the apartment bazaar at SunSentinel.com/business/realestate anniversary week. To ask him a question, email him at [email protected], or go to SunSentinel.com/askpro.
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