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2010 Florida Statutes
SECTION 0723
Shares held by nominees.
Shares held by nominees.
607.0723
Shares 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.
History.
—s. 59, ch. 89-154.