Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 7. SHAREHOLDERS · Part 2. VOTING

14-2-723. Shares held by nominees.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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. (1)
  The types of nominees to which it applies;#
2. (2)
  The rights or privileges that the corporation recognizes in a beneficial owner;#
3. (3)
  The manner in which the procedure is selected by the nominee;#
4. (4)
  The information that must be provided when the procedure is selected;#
5. (5)
  The period for which selection of the procedure is effective; and#
6. (6)
  Other aspects of the rights and duties created.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

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

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 181; merge action: carried; file SHA-256 f2fad2b71b39.