Section 23B.07.230 - 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 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;(c) The manner in which the procedure is selected by the nominee;(d) The information that must be provided when the procedure is selected;(e) The period for which selection of the procedure is effective; and(f) Other aspects of the rights and duties created.