Colorado § 7-107-204 - Shares held by intermediaries and nominees.
Full text of Colorado Colorado Revised Statutes § 7-107-204 — Shares held by intermediaries and nominees., with citation guidance and answers to common questions.
§ 7-107-204. Shares held by intermediaries and nominees.
(1) A corporation's board of directors may establish a procedure by which a beneficial owner is recognized by the corporation in its records as the shareholder. The extent, terms, conditions, and limitations of this treatment must be specified in the procedure so established. To the extent that the beneficial owner is treated under the procedure as having rights or privileges that the shareholder otherwise would have, the shareholder does not have those rights or privileges.
(2) The procedure described in subsection (1) of this section must specify:
(a) The types of intermediaries or nominees to which it applies;
(b) The rights or privileges that the corporation recognizes in a beneficial owner, which may include rights or privileges other than voting;
(c) The manner in which the procedure may be used by the intermediary or nominee;
(d) The information that shall be provided by the intermediary or nominee when the procedure is used;
(e) The period for which the intermediary's or nominee's use of the procedure is effective;
(f) Requirements for notice to the corporation with respect to the arrangement, including any requirements for the deposit with the corporation of the beneficial ownership certificate;
(g) The form and contents of the beneficial ownership certificate; and
(h) Other aspects of the rights and duties thereby created.
Source: L. 93: Entire article added, p. 772, § 1, effective July 1, 1994. L. 2003: IP(2) amended, p. 2319, § 237, effective July 1, 2004. L. 2019: Entire section amended, (SB 19-086), ch. 166, p. 1928, § 32, effective July 1, 2020.
ANNOTATION
Law reviews. For article, "1984 Revisions to the Colorado Corporation Code: Effective March 1984", see 13 Colo. Law. 993 (1984).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-107-204
What does Colorado Revised Statutes § 7-107-204 cover?
Section 7-107-204 ("Shares held by intermediaries and nominees.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-107-204?
A common citation format is "Colorado Revised Statutes § 7-107-204" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-107-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.