Arizona § 10-723 Shares held by nominees

Arizona Statutes

§ 10-723 — Shares held by nominees

Arizona·Title 10 Arizona Revised Statutes·Ch. 7 SHAREHOLDERS·Art. 2 Voting

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.

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.

6. Other aspects of the rights and duties created.

Arizona § 10-723 (Shares held by nominees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.