The corporation shall have the power to create and issue the number of shares stated in its articles of incorporation. Such shares may be divided into one or more classes, any or all of which classes may consist of shares with par value or shares without par value, with such designations, preferences, voting powers, and special or relative rights and such limitations, restrictions, or qualifications thereof as shall be stated in the articles of incorporation. The articles of incorporation may limit or deny the voting power of the shares of any class.
(Pub. L. 90–448, title IX, §905, Aug. 1, 1968, 82 Stat. 548.)
Sections: Previous 3797dd-1 3797ee 3797ee-1 3931 3932 3933 3934 3935 3936 3937 3938 3939 3940 3941 4001 Next
Last modified: October 26, 2015