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.
Ark. Code Ann. § 4-27-624
Share options
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Acts 1987, No. 958, § 64-609.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.