Section 14-2-723. 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:

   (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.

Code 1981, § 14-2-723, enacted by Ga. L. 1988, p. 1070, § 1.