If the articles of incorporation so provide, the board of directors is authorized without shareholder approval, to:
If the board of directors acts pursuant to subsection (a), it must determine the terms, including the preferences, rights and limitations, to the same extent permitted under Section 79-4-6.01 of:
Any class of shares before the issuance of any shares of that class, or
Any series within a class before the issuance of any shares of that series.
Before issuing any shares of a class or series created under this section, the corporation must deliver to the Secretary of State for filing articles of amendment setting forth the terms determined under subsection (a).
Structure Mississippi Code