§ 47-1a-602

47-1A-602. Classification or reclassification of unissued shares determined by board of directors.If the articles of incorporation so provide, the board of directors, without shareholder approval, may:(1)Classify any unissued shares into one or more classes or into one or more series within a class;(2)Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or(3)Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class. Source: SL 2005, ch 239, §56.