(1) This section applies if a firm that is a corporation has more than 1 nominee.
(2) If only 1 nominee is a director of the firm, that nominee is the firm's primary nominee.
(3) If more than 1 nominee is a director of the firm, the firm must nominate 1 nominee who is a director to be the firm's primary nominee.
(4) If no nominee is a director, the firm must nominate a nominee to be the firm's primary nominee.