Question

Which of the following is a limitation on proxy?

A. The proxy acquires legal titles to the shares of the stockholder
B. The proxy may attend the meeting even in the presence of the stockholder
C. The proxy as a rule is only for the meeting from which it is issued
D. The proxy is not revocable at will of the stockholder

Answer 1

The limitation on proxy is that it is only valid for the specific meeting it is issued for.

Step-by-step explanation:

The correct answer is C. The proxy as a rule is only for the meeting from which it is issued. A proxy is a document that gives someone else the authority to vote on behalf of a shareholder at a company's annual meeting or other important corporate events. The proxy agreement is typically only valid for the specific meeting it is issued for and does not extend beyond that.