Arizona Laws 10-629. Adjustment of terms of rights, options and warrants; conditions to exercise of rights, options and warrants
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Rights, options and warrants may include provisions that adjust the terms of the rights, options and warrants on the occurrence of one or more events, including acquisition of shares, reorganization, merger, consolidation or sale of assets. Rights, options and warrants may include conditions regarding the exercise of the rights, options and warrants, including conditions that prevent the holder of a specified percentage of the outstanding shares of the corporation, including subsequent transferees of the holder, from exercising those rights, options and warrants.
Terms Used In Arizona Laws 10-629
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Shares: means the units into which the proprietary interests in a corporation are divided. See Arizona Laws 10-140