What is the maximum validity period for a proxy granted by a Member of a Stretch Zone DMA Cooperative?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 5. Proxies. Any Member unable to attend a meeting of the Members may provide a written proxy granting another Member the right to vote for the absent Member on a particular issue or at a particular meeting of the DMA Cooperative. No proxy is valid for more than 30 days and must be in writing, signed and dated by the Member granting said proxy.
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, a member of the DMA Cooperative who is unable to attend a meeting can grant another member the right to vote on their behalf through a written proxy. However, this proxy is only valid for a limited time.
The document specifies that no proxy is valid for more than 30 days. Additionally, the proxy must be in writing, signed, and dated by the member who is granting the proxy. This ensures that the authorization is clear, verifiable, and time-bound.
This 30-day limit on proxy validity ensures that member votes reflect current opinions and prevents a single proxy from unduly influencing cooperative decisions over an extended period. It also encourages active participation by members, as they need to periodically renew their proxy if they cannot attend meetings regularly.