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

Current as of January 01, 2025 | Updated by Findlaw Staff

(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:

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

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

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

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

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

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

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Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-10a-723. Shares held by nominees - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-10a-723/

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