For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Shares held by nominees

KRS 271B.7-230
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
271B.7-230. 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. Effective: January 1, 1989 History: Created 1988 Ky. Acts ch. 23, sec. 59, effective January 1, 1989.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13363Fetched: 10/20/2026

Starting a business in Kentucky? Kentucky LLC guide: costs and requirements