New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter G - Stock Transfer Tax
Part 55 - Registration Of Nominees
Section 55.1 - Registration of corporate nominees

Universal Citation: 20 NY Comp Codes Rules and Regs ยง 55.1

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Any domestic or foreign corporation may appoint a person or partnership to act as its nominee in the holding of shares or certificates on its behalf; provided, however, that no person may act as nominee for more than one corporation, either individually or as a member of any partnership, nor may a partnership act as nominee for more than one corporation. Any such corporation may file in the office of the commissioner, a written statement, setting forth the following:

(1) the name of the corporation;

(2) the principal place of business of the corporation;

(3) the business of the corporation;

(4) the function to be performed by the nominee;

(5) the name, residence and business address of the proposed nominee, or, in the case of a partnership, of each member thereof.

(b) There shall also be filed a written statement by the nominee containing his name and address, or, in the case of a partnership, of each member thereof. It should also contain a statement as to whether such person or partnership is the registered nominee of any other corporation.

(c) If such nominee meets with the approval of the commissioner, the commissioner will issue to the corporation, a certificate of registration. Such certificate shall be kept in the principal place of business of the corporation to whom it is issued and must be held available for inspection by representatives of the commissioner.

(d) The commissioner shall be notified of any change in the membership of a partnership nominee, giving the name, residence and business address of any new member.

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