(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.