[§414-144]  Shares held by nominees. (a)  A corporation may establish a procedure by which the beneficial owner ofshares that are registered in the name of a nominee is recognized by thecorporation as the shareholder.  The extent of this recognition may bedetermined 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 corporationrecognizes in a beneficial owner;

(3)  The manner in which the procedure is selected by thenominee;

(4)  The information that must be provided when theprocedure is selected;

(5)  The period for which selection of the procedureis effective; and

(6)  Other aspects of the rights and duties created.[L 2000, c 244, pt of §1]