Section 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.

Notes

History

(Sec. 11 ch 82 SLA 1989)