(a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.
(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by subsections (b) and (c), section six hundred twenty-five of this article and, if applicable, section six hundred twenty-seven of this article.
Structure West Virginia Code
Chapter 31D. West Virginia Business Corporation Act
Article 6. Shares and Distributions
§31D-6-602. Terms of Class or Series Determined by Board of Directors
§31D-6-603. Issued and Outstanding Shares
§31D-6-620. Subscription for Shares Before Incorporation
§31D-6-621. Issuance of Shares
§31D-6-622. Liability of Shareholders
§31D-6-625. Form and Content of Certificates
§31D-6-626. Shares Without Certificates
§31D-6-627. Restriction on Transfer of Shares and Other Securities
§31D-6-630. Shareholders' Preemptive Rights