| B.__Any series within a class before the issuance of any | shares of that series. |
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| | 3. Identical terms. A share of a series must have | preferences, limitations and relative rights identical with those | of all other shares of the same series and, except to the extent | otherwise provided in the description of the series, with those | of other series of the same class. |
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| | 3-A.__Filing articles of amendment.__Before issuing any shares | of a class or series created under this section, the corporation | shall deliver to the Secretary of State for filing articles of | amendment setting forth the terms authorized under subsection 1. |
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| | 4. Filing articles of amendment. Before issuing any shares | of a class or series created under this section, the corporation | shall deliver to the Secretary of State for filing articles of | amendment, which are effective without shareholder action, that | set forth: |
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| A. The name of the corporation; |
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| B. The text of the amendment determining the terms of the | class or series of shares; |
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| C. The date the amendment was adopted; and |
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| D. A statement that the amendment was duly adopted by the | board of directors. |
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| | Sec. B-57. 13-C MRSA §625, as enacted by PL 2001, c. 640, Pt. A, §2 | and affected by Pt. B, §7, is repealed and the following enacted | in its place: |
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| | 1.__Board authority to issue options.__A corporation may issue | rights, options or warrants for the purchase of shares or other | securities of the corporation.__The corporation's board of | directors shall determine: |
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| A.__The terms upon which the rights, options or warrants are | issued; and |
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| B.__The terms including the consideration for which the | shares or other securities are issued. |
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| The authorization by the board of directors for the corporation | to issue these rights, options or warrants constitutes |
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