Indiana Code Title 23. Business and Other Associations § 23-1-30-4

Sec. 4. (a) A corporation may establish a recognition 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 recognition procedure.

(b) A corporation may establish a disclosure procedure by which the names of beneficial owners of its shares shall, to the extent not prohibited by law, be disclosed to the corporation.  A corporation may not establish a procedure requiring disclosure of the names of the beneficial owners of a private trust created in good faith and not for the purpose of circumventing a disclosure procedure adopted pursuant to this section.  The corporation may adopt reasonable sanctions to ensure compliance with its disclosure procedure, including without limitation:

shares as to which the beneficial owner's name is not disclosed as required by the disclosure procedure.