Arkansas § 4-27-723 Shares held by nominees

Arkansas Statutes

§ 4-27-723 — 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. The extent of this recognition may be determined 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 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 for which selection of the procedure is effective; and (6) other aspects of the rights and duties created.

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(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. The extent of this recognition may be determined 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 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 for which selection of the procedure is effective; and (6) other aspects of the rights and duties created.

Arkansas § 4-27-723 (Shares held by nominees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.