State Codes and Statutes
Statutes > North-carolina > Chapter_55 > GS_55-7-23§55‑7‑23. Shares held by nominees.
(a) A corporation mayestablish a procedure by which the beneficial owner of shares that areregistered in the name of a nominee is recognized by the corporation as ashareholder. The extent of this recognition may be determined in theprocedure.
(b) The procedure mayset forth:
(1) The types ofnominees to which it applies;
(2) The rights orprivileges that the corporation recognizes in a beneficial owner;
(3) The manner in whichthe procedure is selected by the nominee;
(4) The information thatmust be provided when the procedure is selected;
(5) The period for whichselection of the procedure is effective; and
(6) Other aspects of therights and duties created. (1989, c. 265, s. 1.)
