A grant of authority allowing someone else to vote shares of stock that you own is called:
A)a power-of-share authorization.
B)a proxy.
C)a share authority grant (SAG).
D)a restricted conveyance.
E)None of the above.

Question

Quizplus · Accepted Answer

The correct term for a grant of authority to vote someone else's shares of stock is called a proxy. A proxy allows someone else to vote on behalf of the shareholder at a shareholder meeting. This can be useful if the shareholder is unable to attend the meeting or prefers not to vote themselves.

A Grant of Authority Allowing Someone Else to Vote Shares