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Re: None

Wednesday, 08/04/2021 6:06:36 PM

Wednesday, August 04, 2021 6:06:36 PM

Post# of 20890
Looks like the authority to manage can be delegated, just not the responsibility.


Then this:



Section 2. Restrictions on Stock:
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The Board of Directors may restrict any stock issued by giving the Corporation or any stockholder "first right of refusal to purchase" the stock, by making the stock redeemable or by restricting the transfer of the stock, under such terms and in such manner as the directors may deem necessary and as are not inconsistent with the Articles of Incorporation or by statute. Any stock so restricted must carry a stamped legend setting out the restriction or conspicuously noting the restriction and stating where it may be found in the records of the Corporation.