Section 17-16-723 - Shares held by nominees(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: (i) The types of nominees to which it applies;(ii) The rights or privileges that the corporation recognizes in a beneficial owner;(iii) The manner in which the procedure is selected by the nominee;(iv) The information that shall be provided when the procedure is selected;(v) The period for which selection of the procedure is effective; and(vi) Other aspects of the rights and duties created.