N.C. Gen. Stat. § 55-7-23
Shares held by nominees
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(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 a shareholder. The extent of this recognition may be determined in the procedure.
(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 a shareholder. The extent of this recognition may be determined in the procedure.
(2) The procedure may set forth: The types of nominees to which it applies;
(2) The procedure may set forth: The types of nominees to which it applies;
(3) The rights or privileges that the corporation recognizes in a beneficial owner;
(3) The rights or privileges that the corporation recognizes in a beneficial owner;
(4) The manner in which the procedure is selected by the nominee;
(4) The manner in which the procedure is selected by the nominee;
(5) The information that must be provided when the procedure is selected;
(5) The information that must be provided when the procedure is selected;
(6) The period for which selection of the procedure is effective; and
(6) The period for which selection of the procedure is effective; and
(7) Other aspects of the rights and duties created.
(7) Other aspects of the rights and duties created.
History
(1989, c. 265, s. 1.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.