HRS §414-144
How a company can recognize the real owner of shares
A corporation can set up a process to treat the true owner of shares, even if the shares are registered under a nominee's name, as the shareholder. The process can decide how much recognition the true owner gets and can include rules about who it applies to, what rights are recognized, and how it works.
The statute, as written — Shares held by nominees
(a) 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. (b) The procedure may set forth: (1) The types of nominees to which it applies; (2) The rights or privileges that the corporation recognizes in a beneficial owner; (3) The manner in which the procedure is selected by the nominee; (4) The information that must be provided when the procedure is selected; (5) The period for which selection of the procedure is effective; and (6) Other aspects of the rights and duties created.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.