\n(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 a shareholder. The extent of this recognition may be determined in the procedure.\n(b) The procedure may set forth:\n(1) The types of nominees to which it applies;\n(2) The rights or privileges that the corporation recognizes in a beneficial owner;\n(3) The manner in which the procedure is selected by the nominee;\n(4) The information that must be provided when the procedure is selected;\n(5) The period for which selection of the procedure is effective; and\n(6) Other aspects of the rights and duties created. (1989, c. 265, s. 1.)
North Carolina Legal Code