{"data":{"id":"us-mi/mich.-comp.-laws-450.1432","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1432","heading":"Procedure recognizing beneficial owner of shares as shareholder.","body":"Sec. 432.\n\nA 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 procedure established may determine the extent of this recognition.\n\nThe procedure may set forth any of the following:\n\nThe types of nominees to which it applies.\n\nThe rights or privileges that the corporation recognizes in a beneficial owner.\n\nThe manner in which the procedure is selected by the nominee.\n\nThe information that must be provided when the procedure is selected.\n\nThe period for which selection of the procedure is effective.\n\nOther aspects of the rights and duties created.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1432","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4a201baaef563dd29ad2c59afd1322a887fa8d564ec16235709d4bd0b46c1710","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1431","next":"us-mi/mich.-comp.-laws-450.1441"},"notice":"GroundRules: Original legal text. Not legal advice."}