§ 13.1-664. Shares held by nominees
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:
1. The types of nominees to which it applies;
2. The rights or privileges that the corporation recognizes in a beneficial owner;
3. The manner in which the procedure is selected by the nominee;
4. The information that must be provided when the procedure is selected;
5. The period for which selection of the procedure is effective; and
6. Other aspects of the rights and duties created.
(1985, c. 522.)
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