Utah § 16-10a-723 Shares held by nominees.

Utah Statutes

§ 16-10a-723 — Shares held by nominees.

Utah § 16-10a-723

Title 16Corporations

Ch. 16-10aUtah Revised Business Corporation Act

Part 16-10a-7Shareholders

This text of Utah § 16-10a-723 (Shares held by nominees.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-10a-723 (2026).

Text

(1)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.

(2)The procedure described in Subsection (1) may set forth:

(2)(a) the types of nominees to which it applies;

(2)(b) the rights or privileges that the corporation recognizes in a beneficial owner, which may include rights or privileges other than voting;

(2)(c) the manner in which the procedure may be used by the nominee;

(2)(d) the information that shall be provided by the nominee when the procedure is used;

(2)(e) the period for which the nominee's use of the procedure is effective; and

(2)(f) other aspects of the rights and duties created.

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(1) 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.
(2) The procedure described in Subsection (1) may set forth:

(2)(a) the types of nominees to which it applies;
(2)(b) the rights or privileges that the corporation recognizes in a beneficial owner, which may include rights or privileges other than voting;
(2)(c) the manner in which the procedure may be used by the nominee;
(2)(d) the information that shall be provided by the nominee when the procedure is used;
(2)(e) the period for which the nominee's use of the procedure is effective; and
(2)(f) other aspects of the rights and duties created.