Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 17-16-723 - Shares Held by Nominees — Wyoming Law | CourtGPT
  1. Home/
  2. Laws/
  3. Wyoming/
  4. Title 17 - Corporations, Partnerships and Associations/
  5. Chapter 16 - Wyoming Business Corporation Act/
  6. Article 7 - Shareholders/
  7. Section 17-16-723 - Shares Held by Nominees
Wyoming Legal Code

Section 17-16-723 - Shares Held by Nominees

Ask AI about this
17-16-723. Shares held by nominees. (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: (i) The types of nominees to which it applies; (ii) The rights or privileges that the corporation recognizes in a beneficial owner; (iii) The manner in which the procedure is selected by the nominee; (iv) The information that shall be provided when the procedure is selected; (v) The period for which selection of the procedure is effective; and (vi) Other aspects of the rights and duties created.

17-16-723. Shares held by nominees. (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: (i) The types of nominees to which it applies; (ii) The rights or privileges that the corporation recognizes in a beneficial owner; (iii) The manner in which the procedure is selected by the nominee; (iv) The information that shall be provided when the procedure is selected; (v) The period for which selection of the procedure is effective; and (vi) Other aspects of the rights and duties created.