{"data":{"id":"us-nc/n.c.-gen.-stat.-55-7-23","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-7-23","heading":"Shares held by nominees.","body":"(a)\tA 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 a shareholder. The extent of this recognition may be determined in the procedure.\n(b)\tThe procedure may set forth:\n(1)\tThe types of nominees to which it applies;\n(2)\tThe rights or privileges that the corporation recognizes in a beneficial owner;\n(3)\tThe manner in which the procedure is selected by the nominee;\n(4)\tThe information that must be provided when the procedure is selected;\n(5)\tThe period for which selection of the procedure is effective; and\n(6)\tOther aspects of the rights and duties created. (1989, c. 265, s. 1.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 7. Shareholders.","Part 2. Voting."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-7-23.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"21fd4560a04fd564287cc68cd1d68e0c165ebdfc992f0fbb750a3e9078b10e42","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-7-22","next":"us-nc/n.c.-gen.-stat.-55-7-24"},"notice":"GroundRules: Original legal text. Not legal advice."}