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2022 West Virginia Code
Chapter 31D. West Virginia Business Corporation Act
Article 7. Shareholders
§31D-7-723. Shares Held by Nominees
Universal Citation:
WV Code § 31D-7-723 (2022)
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(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.
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