{"data":{"id":"us-ky/krs-271b.6-240","jurisdiction":"us-ky","citation":"KRS 271B.6-240","heading":"Share options.","body":"(1) A corporation may issue rights, options, or warrants for the purchase of shares of\nthe corporation. The board of directors shall determine the terms upon which the\nrights, options, or warrants are issued, their form and content, and the terms and\nconditions upon which and the consideration for which the shares are to be issued.\n(2) (a) The board of directors may, by a resolution adopted by the board, authorize\none (1) or more officers of the corporation to do one (1) or more of the\nfollowing:\n1. Designate o fficers and employees of the corporation or of any of its\nsubsidiaries to receive rights, options, or warrants to be issued by the\ncorporation;\n2. Determine the number of rights, options, or warrants to be issued to each\nrecipient; and\n3. Determine the tim e or times at or during which rights, options, or\nwarrants may be exercised.\n(b) Any resolution adopted pursuant to paragraph (a) of this subsection shall\nspecify the total number of rights, options, or warrants the officer or officers\nmay award.\n(c) The board of directors shall not authorize an officer to designate himself or\nherself as a recipient of any rights, options, or warrants.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13344","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:18Z","sha256":"0940b03e51dab173e4ec86a4ee8c87186110ef679f479e6d4faa5fea97cda43c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.6-230","next":"us-ky/krs-271b.6-250"},"notice":"GroundRules: Original legal text. Not legal advice."}