{"data":{"id":"us-ma/mass.-gen.-laws-ch.-156d-7.23","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 156D, § 7.23","heading":"Shares held by nominees","body":"Section 7.23. SHARES HELD BY NOMINEES\n(a) A corporation may establish a procedure by which the beneficial owner of shares that are registered in the name of a nominee will be recognized by the corporation as the shareholder, to the extent provided 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) a requirement for the certification by the nominee of the beneficial holders;\n(5) the information that must be provided when the procedure is selected;\n(6) the period for which selection of the procedure is effective; and\n(7) other aspects of the rights and duties created.","path":["Part I","Title XXII","Chapter 156D"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section7.23","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:40Z","sha256":"1553b4c320bd4fbf31117fc9a70ac5c73e7224da3e2ecc6d21cc5a842069a939","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-156d-7.22","next":"us-ma/mass.-gen.-laws-ch.-156d-7.24"},"notice":"GroundRules: Original legal text. Not legal advice."}