§ 7-127-203 — Proxies

Colorado § 7-127-203

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Members' Meetings and Voting

Text

(1) Unless otherwise provided by the bylaws, a member
entitled to vote may vote or otherwise act in person or by proxy.

(2) Without limiting the manner in which a member may appoint a proxy to
vote or otherwise act for the member, the following shall constitute valid means of
such appointment:

(a) A member may appoint a proxy by signing an appointment form, either
personally or by the member's attorney-in-fact.

(b) A member may appoint a proxy by transmitting or authorizing the
transmission of a telegram, teletype, or other electronic transmission providing a
written statement of the appointment to the proxy, to a proxy solicitor, proxy
support service organization, or other person duly authorized by the proxy to
receive appointments as agent for the proxy or to the nonprofit corporation; except
that the transmitted appointment shall set forth or be transmitted with written
evidence from which it can be determined that the member transmitted or
authorized the transmission of the appointment.

(3) An appointment of a proxy is effective against the nonprofit corporation
when received by the nonprofit corporation, including receipt by the nonprofit
corporation of an appointment transmitted pursuant to paragraph (b) of subsection
(2) of this section. An appointment is valid for eleven months unless a different
period is expressly provided in the appointment form.

(4) Any complete copy, including an electronically transmitted facsimile, of
an appointment of a proxy may be substituted for or used in lieu of the original
appointment for any purpose for which the original appointment could be used.

(5) An appointment of a proxy is revocable by the member.

(6) Appointment of a proxy is revoked by the person appointing the proxy:

(a) Attending any meeting and voting in person; or

(b) Signing and delivering to the secretary or other officer or agent
authorized to tabulate proxy votes either a writing stating that the appointment of
the proxy is revoked or a subsequent appointment form.

(7) The death or incapacity of the member appointing a proxy does not affect
the right of the nonprofit 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 the proxy's authority under
the appointment.

(8) Subject to section 7-127-204 and to any express limitation on the proxy's
authority appearing on the appointment form, a nonprofit corporation is entitled to
accept the proxy's vote or other action as that of the member making the
appointment.

Legislative History

Source: L. 97: Entire article added, p. 683, � 3, effective July 1, 1998.