Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 1 GENERAL BUSINESS CORPORATIONS > PART 7. SHAREHOLDERS > 30-1-723 SHARES HELD BY NOMINEES.

30-1-723 SHARES HELD BY NOMINEES.

TITLE 30

CORPORATIONS

CHAPTER 1

GENERAL BUSINESS CORPORATIONS

PART 7.

SHAREHOLDERS

30-1-723. 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 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;

(c) The manner in which the procedure is selected by the nominee;

(d) The information that must be provided when the procedure is selected;

(e) The period for which selection of the procedure is effective; and

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