Wyoming § 17-16-602 Terms of class or series determined by board of
directors

Wyoming Statutes

§ 17-16-602 — Terms of class or series determined by board of directors

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 16 WYOMING BUSINESS CORPORATION ACT·Art. 6 SHARES AND DISTRIBUTIONS

(a)If the articles of incorporation so provide, the board of directors is authorized, without shareholder approval, to:

(i)Classify any unissued shares into one (1) or more classes or into one (1) or more series within a class;

(ii)Reclassify any unissued shares of any class into one (1) or more classes or into one (1) or more series within one (1) or more classes; or

(iii)Reclassify any unissued shares of any series of any class into one (1) or more classes or into one (1) or more series within a class.

(b)If the board of directors acts pursuant to subsection

(a)of this section, it shall determine the terms, including the preferences, rights and limitations, to the same extent permitted under W.S. 17-16-601, of:

(i)Any class of shares before the issuance of any shares of that class

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(a) If the articles of incorporation so provide, the board
of directors is authorized, without shareholder approval, to:
(i) Classify any unissued shares into one (1) or more
classes or into one (1) or more series within a class;
(ii) Reclassify any unissued shares of any class into
one (1) or more classes or into one (1) or more series within
one (1) or more classes; or
(iii) Reclassify any unissued shares of any series of
any class into one (1) or more classes or into one (1) or more
series within a class.
(b) If the board of directors acts pursuant to subsection
(a) of this section, it shall determine the terms, including the
preferences, rights and limitations, to the same extent
permitted under W.S. 17-16-601, of:
(i) Any class of shares before the issuance of any
shares of that class; or
(ii) Any series within a class before the issuance of
any shares of that series.
(c) Before issuing any shares of a class or series created
under this section, the corporation shall deliver to the
secretary of state for filing articles of amendment effecting
the provisions of this section in accordance with article 10 of
this act and setting forth the terms determined under subsection
(a) of this section.

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