A Shareholder's Authorization of Another Person to Vote the Shareholder's

question 27

Short Answer

A shareholder's authorization of another person to vote the shareholder's shares at the shareholders' meetings in the event of the shareholder's absence is called a(n)________.

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Definitions:

Surety Bond

Insurance arranged in case a party to a contract fails to perform.

Contract Performance

The carrying out of the duties and obligations as stipulated in a contract by the involved parties.

Subrogation Right

The right for an insurer to pursue a third party that caused an insurance loss to the insured, in order to recover the amount of the claim paid.

Insurance Company

An organization that offers risk management to individuals or entities by providing compensation for losses in exchange for premium payments.