16-10a-723. Shares held by nominees.
(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 Subsectionmay set forth: (1) the types of nominees to which it applies; the rights or privileges that the corporation recognizes in a beneficial owner, which may include rights or privileges other than voting; the manner in which the procedure may be used by the nominee; the information that shall be provided by the nominee when the procedure is used; the period for which the nominee's use of the procedure is effective; and other aspects of the rights and duties created.