The Florida Senate

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.