(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) 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
§ 4-27-720. Shareholders' list for meeting
§ 4-27-721. Voting entitlement of shares
§ 4-27-723. Shares held by nominees
§ 4-27-724. Corporation's acceptance of votes
§ 4-27-725. Quorum and voting requirements for voting groups
§ 4-27-726. Action by single and multiple voting groups