Shares Held by Nominees

(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.