RCW 23B.07.230Shares 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.[ 1989 c 165 s 71.]
Washington Legal Code