{"data":{"id":"us-dc/d.c.-code-29-304.24","jurisdiction":"us-dc","citation":"D.C. Code § 29-304.24","heading":"Share options.","body":"(a)\n(1)\nA corporation may issue rights, options, or warrants for the purchase of shares or other securities of the corporation. The board of directors shall determine:\n(A)\nThe terms upon which the rights, options, or warrants are issued; and\n(B)\nThe terms, including the consideration, for which the shares or other securities are to be issued.\n(2)\nThe authorization by the board of directors for the corporation to issue the rights, options, or warrants under paragraph (1) of this subsection shall constitute authorization of the issuance of the shares or other securities for which the rights, options, or warrants are exercisable.\n\n(b)\nThe terms and conditions of the rights, options, or warrants, including those outstanding on the effective date of this section, may include restrictions or conditions that:\n(1)\nPreclude or limit the exercise, transfer, or receipt of the rights, options, or warrants by any person owning or offering to acquire a specified number or percentage of the outstanding shares or other securities of the corporation or by any transferee of any such person; or\n(2)\nInvalidate or void the rights, options, or warrants held by any such person or any such transferee.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 3. Business Corporations.","Subchapter IV. Shares and Distributions.","Part B. Issuance of Shares."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-304.24","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"9d51719f3d0016e1aeb0563ba5abe6c5ac29565d0a619ddbf76c520ff248676b","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-304.23","next":"us-dc/d.c.-code-29-304.25"},"notice":"GroundRules: Original legal text. Not legal advice."}