Section 16-10a-723 - Shares held by nominees(1) 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.(2) The procedure described in Subsection (1) may set forth: (a) the types of nominees to which it applies;(b) the rights or privileges that the corporation recognizes in a beneficial owner, which may include rights or privileges other than voting;(c) the manner in which the procedure may be used by the nominee;(d) the information that shall be provided by the nominee when the procedure is used;(e) the period for which the nominee's use of the procedure is effective; and(f) other aspects of the rights and duties created.Amended by Chapter 378, 2010 General Session.