Indiana Statutes
§ 23-1-26-5 — Rights, options, or warrants
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 26 Issuance of Shares
(a)A corporation, acting through its board of
directors, may create or issue rights, options, or warrants for the
purchase of shares or other securities of the corporation or any
successor in interest of the corporation. The board of directors shall
determine the terms upon which the rights, options, or warrants are
issued, their form and content, and the consideration for which the
shares or other securities are to be issued. The rights, options, or
warrants may be issued with or without consideration, and may (but
need not) be issued pro rata.
(b)The terms and conditions of the rights, options, or warrants,
including the rights, options, or warrants outstanding on July 1, 2009,
may include, without limitation, restrictions or conditions that:
(1)preclude or limit the exercise, transfe
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Legislative History
As added by P.L.149-1986, SEC.10. Amended by P.L.133-2009,
SEC.17.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"