Sec. 5. A corporation, acting through the corporation's 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 be issued pro rata.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
28-13-2-3. Shareholder Liability for Corporate Acts or Indebtedness
28-13-2-4. Pro Rata Shares; Share Dividend or Split; Record Date of Dividend
28-13-2-5. Purchase Rights, Options, or Warrants; Corporate Shares or Other Securities
28-13-2-6. Share Certificates; Contents; Requisites; Validity of Signature
28-13-2-7. Classes or Series of Shares Without Certificates; Furnishing Shareholder Information
28-13-2-9. Expenses Payable From Consideration Received for Shares