{"data":{"id":"us-ar/ark.-code-ann.-4-27-723","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-723","heading":"Shares held by nominees.","body":"(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.\n(b) The procedure may set forth:\n(1) the types of nominees to which it applies;\n(2) the rights or privileges that the corporation recognizes in a beneficial owner;\n(3) the manner in which the procedure is selected by the nominee;\n(4) the information that must be provided when the procedure is selected;\n(5) the period for which selection of the procedure is effective; and\n(6) other aspects of the rights and duties created.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 7 — Shareholders","Part B: Voting"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"64fcbd9dd3e7fcf5e9fed8cf26a0bd53c9d464a3f018ae4e72163b9dd80421c8","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-722","next":"us-ar/ark.-code-ann.-4-27-724"},"notice":"GroundRules: Original legal text. Not legal advice."}