2006 Code of Virginia § 13.1-664 - Shares held by nominees

13.1-664. Shares held by nominees.

A. A corporation may establish a procedure by which the beneficial owner ofshares that are registered in the name of a nominee is recognized by thecorporation as the shareholder. The extent of this recognition may bedetermined 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 beneficialowner;

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.)