{"data":{"id":"us-tn/tenn.-code-ann.-48-17-204","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-17-204","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. (b) The procedure may set forth: (1) The types of nominees to which it applies; (2) The rights or privileges that the corporation recognizes in a beneficial owner; (3) The manner in which the procedure is selected by the nominee; (4) The information that must be provided when the procedure is selected; (5) The period for which selection of the procedure is effective; and (6) Other aspects of the rights and duties created. Acts 1986, ch. 887, § 7.23.\n(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: (1) The types of nominees to which it applies; (2) The rights or privileges that the corporation recognizes in a beneficial owner; (3) The manner in which the procedure is selected by the nominee; (4) The information that must be provided when the procedure is selected; (5) The period for which selection of the procedure is effective; and (6) Other aspects of the rights and duties created.\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":["TN Code","Title 48","Chapter 17"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"b4680a5679ac7402522dcd05b471405b5ec1fc2f5626ca1f877773d19abaae1a","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-17-203","next":"us-tn/tenn.-code-ann.-48-17-205"},"notice":"GroundRules: Original legal text. Not legal advice."}