Wisconsin Statutes 180.0723 – Shares held by nominees
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Terms Used In Wisconsin Statutes 180.0723
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(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 all of the following:
(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 nominee selects the procedure.
(d) The information that must be provided when the procedure is selected.
(e) The period for which selection of the procedure is effective.
(f) Other aspects of the rights and duties created.