Wyoming § 17-16-723 Shares held by nominees

Wyoming Statutes

§ 17-16-723 — Shares held by nominees

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 16 WYOMING BUSINESS CORPORATION ACT·Art. 7 SHAREHOLDERS

(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:

(i)The types of nominees to which it applies;

(ii)The rights or privileges that the corporation recognizes in a beneficial owner;

(iii)The manner in which the procedure is selected by the nominee;

(iv)The information that shall be provided when the procedure is selected;

(v)The period for which selection of the procedure is effective; and

(vi)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:
(i) The types of nominees to which it applies;
(ii) The rights or privileges that the corporation
recognizes in a beneficial owner;
(iii) The manner in which the procedure is selected
by the nominee;
(iv) The information that shall be provided when the
procedure is selected;
(v) The period for which selection of the procedure
is effective; and
(vi) Other aspects of the rights and duties created.

Wyoming § 17-16-723 (Shares held by nominees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.