Sec. 10.06.356. Shares held by nominees.
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Sec. 10.06.356. Shares held by nominees.
(a)A corporation may establish a procedure by which the beneficial owner of shares that are registered in the name of a nominee is recognized by the corporation as the shareholder.
(b)The procedure may set out
(1)the types of nominees to whom it applies;
(2)the rights or privileges that the corporation recognizes in a beneficial owner;
(3)the manner in which the procedure is selected by the nominee;
(4)the information that must be provided when the procedure is selected;
(5)the period when selection of the procedure is effective; and
(6)other aspects of the rights and duties created.