Full text of Utah Utah Code § 10a-723 — Shares held by nominees., with citation guidance and answers to common questions.
§ 10a-723. Shares held by nominees.
16-10a-723.
Shares held by nominees.
(1)
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.
(2)
The procedure described in Subsection (1) may set forth:
(a)
the types of 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 nominee;
(d)
the information that shall be provided by the nominee when the procedure is used;
(e)
the period for which the nominee's use of the procedure is effective; and
Section 10a-723 ("Shares held by nominees.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 10a-723?
A common citation format is "Utah Code § 10a-723" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 10a-723 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
