Shares held by nominees.

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. The procedure may set forth: The types of nominees to which it applies; The rights or privileges that the corporation recognizes in a beneficial owner; The manner in which the procedure is selected by the nominee; The information that must be provided when the procedure is selected; The period for which selection of the procedure is effective; and Other aspects of the rights and duties created.