A corporation may issue rights, options, or warrants for the purchase of shares 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 are to be issued.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
Subchapter 6 - Shares and Distributions
§ 4-27-620. Subscription for shares before incorporation
§ 4-27-621. Issuance of shares
§ 4-27-622. Liability of shareholders
§ 4-27-625. Form and content of certificates
§ 4-27-626. Shares without certificates
§ 4-27-627. Restriction on transfer of shares and other securities