(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.
HISTORY: 1988 Act No. 444, Section 2.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Section 33-7-101. Annual meeting.
Section 33-7-102. Special meeting.
Section 33-7-103. Court-ordered meeting.
Section 33-7-104. Action without meeting.
Section 33-7-105. Notice of meeting.
Section 33-7-106. Waiver of notice.
Section 33-7-107. Record date.
Section 33-7-200. Shareholders' list for meeting.
Section 33-7-210. Voting entitlement of shares.
Section 33-7-230. Shares held by nominees.
Section 33-7-240. Corporation's acceptance of votes.
Section 33-7-250. Quorum and voting requirements for voting groups.
Section 33-7-260. Action by single and multiple voting groups.
Section 33-7-270. Greater quorum or voting requirements.
Section 33-7-280. Voting for directors; cumulative voting.
Section 33-7-300. Voting trusts.