South Carolina Statutes
§ 33-7-230 — 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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South Carolina § 33-7-230 (Shares held by nominees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 444, SECTION 2.
Nearby Sections
15
§ 33-7-101
Annual meeting.§ 33-7-102
Special meeting.§ 33-7-103
Court-ordered meeting.§ 33-7-104
Action without meeting.§ 33-7-105
Notice of meeting.§ 33-7-106
Waiver of notice.§ 33-7-107
Record date.§ 33-7-200
Shareholders' list for meeting.§ 33-7-210
Voting entitlement of shares.§ 33-7-220
Proxies.§ 33-7-230
Shares held by nominees.§ 33-7-240
Corporation's acceptance of votes.§ 33-7-270
Greater quorum or voting requirements.