B.__Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or

C.__Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.

2. Series must have distinguishing designation. Each series of a class must be given a distinguishing designation.

2-A.__Terms fixed before issuance.__If the board of directors acts pursuant to subsection 1, the board shall determine the terms including the preferences, rights and limitations to the same extent permitted under section 601, of:

A.__Any class of shares before the issuance of any shares of that class; or

B.__Any series within a class before the issuance of any shares of that series.

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.

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.

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:

A. The name of the corporation;

B. The text of the amendment determining the terms of the class or series of shares;

C. The date the amendment was adopted; and