Shares held by nominees

  1. Law
  2. Mississippi Code
  3. Corporations, Associations, and Partnerships
  4. Mississippi Business Corporation Act
  5. Shareholders
  6. Voting
  7. Shares held by nominees

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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.

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.


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