§414-85  Share options.  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.  The documents evidencing
such rights, options, or warrants may include conditions that preclude the
holder or holders, including any subsequent transferees, of at least a
specified percentage of the common shares of a corporation from exercising such
rights, options, or warrants. [L 2000, c 244, pt of §1; am L 2002, c 130, §13]