Shares Held by Nominees

1. Law
2. Tennessee Code
3. Securities, Corporations and Associations
4. Shareholders
5. Voting
6. 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:
   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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