10-629. Adjustment of terms of rights, options
and warrants; conditions to exercise of rights, options and
warrants
Rights, options and warrants may include provisions that adjust the terms of the
rights, options and warrants on the occurrence of one or more events, including
acquisition of shares, reorganization, merger, consolidation or sale of assets. Rights,
options and warrants may include conditions regarding the exercise of the rights, options
and warrants, including conditions that prevent the holder of a specified percentage of
the outstanding shares of the corporation, including subsequent transferees of the
holder, from exercising those rights, options and warrants.
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