§ 23.35.  Authority forbidden in proxies.

 No proxy shall confer authority in either of the following instances:

   (1)  A vote for the election of any person to any office for which a bona fide nominee is not named in the proxy statement.

   (2)  A vote at any annual meeting, other than the next annual meeting or an adjournment thereof, to be held after the date on which the proxy statement and the form of proxy are first sent or given to the security holders.

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