District Of Columbia § 29-305.23 - Shares held by nominees.
Full text of District Of Columbia D.C. Code § 29-305.23 — Shares held by nominees., with citation guidance and answers to common questions.
§ 29-305.23. Shares held by nominees.
29-305.23A 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.
The procedure may set forth:
The types of nominees to which it applies;
The rights or privileges that the corporation recognizes in a beneficial owner;
The manner in which the procedure is selected by the nominee;
The information that must be provided when the procedure is selected;
The period for which selection of the procedure is effective; and
Other aspects of the rights and duties created.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-305.23
What does D.C. Code § 29-305.23 cover?
Section 29-305.23 ("Shares held by nominees.") is part of the D.C. Code, the codified statutory law of District Of Columbia. 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 District Of Columbia § 29-305.23?
A common citation format is "D.C. Code § 29-305.23" (District Of Columbia). 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 District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-305.23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia 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 District Of Columbia.