Legal Question in Business Law in Maine

Power of Attorney vs. Proxy Letter

I would like to knwo what the difference is between these two terms. I am translating a document in which a person must submit a power of attorney or (I think) a proxy letter. The terms in the foregin language both seem to mean power of attorney. It would be helpful to know the difference so that I can apply this knowledge to my translation.

Thank you.

Best Regards


Asked on 2/23/02, 3:08 pm

1 Answer from Attorneys
Lawrence Graves Coolidge & Graves PLLC

Re: Power of Attorney vs. Proxy Letter

You probably need to find this out in the relevant jurisdiction, rather than asking US lawyers in the abstract.

US practice is that stockholders can have a proxy represent them and vote in their stead at stockholder meetings. Holders of general powers of attorney can do that and a whole lot more. There are other contexts where the terms are blurred (e.g., a "health care proxy" which is really a limited power of attorney).

Best wishes,

LDWG

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Answered on 2/23/02, 3:26 pm


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