{"data":{"id":"us-me/13-c-m.r.s.-724","jurisdiction":"us-me","citation":"13-C M.R.S. §724","heading":"Shares held by nominees","body":"1.  Recognition of beneficial owner as shareholder.  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.\n2.  Procedure for recognition.  The procedure under subsection 1 may set forth:\nA.  The types of nominees to which it applies;\nB.  The rights or privileges that the corporation recognizes in a beneficial owner;\nC.  The manner in which the procedure is selected by the nominee;\nD.  The information that must be provided when the procedure is selected;\nE.  The period for which selection of the procedure is effective; and\nF.  Other aspects of the rights and duties created.","path":["TITLE 13-C: MAINE BUSINESS CORPORATION ACT","CHAPTER 7: SHAREHOLDERS","SUBCHAPTER 2: VOTING"],"source_url":"https://legislature.maine.gov/statutes/13-C/title13-Csec724.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"cb79fb3b4ed0e515274fee2d612cbf7bd4a2426a8b7fc16db4db8506f32cc503","source_id":"us-me","stale":false,"prev":"us-me/13-c-m.r.s.-723","next":"us-me/13-c-m.r.s.-725"},"notice":"GroundRules: Original legal text. Not legal advice."}