[§414-144] Shares held by nominees.
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[§414-144] 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. The extent of this recognition may be determined in the procedure.
(b)The procedure may set forth:
(1)The types of nominees to which 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 for which selection of the procedure is effective; and
(6)Other aspects of the rights and duties created. [L 2000, c 244, pt of §1]