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

Utah Statutes

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

Utah·Title 16 Corporations·Ch. 16-10a Utah Revised Business Corporation Act·Part 16-10a-7 Shareholders

(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.

Utah § 16-10a-723 (Shares held by nominees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.