2019 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 2 - Business Corporations
Article 7 - Shareholders
Part 2 - Voting
§ 14-2-723. Shares held by nominees

Universal Citation: GA Code § 14-2-723 (2019)
  • (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.

History:

Code 1981, § 14-2-723, enacted by Ga. L. 1988, p. 1070, § 1.

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