Terms of class or series determined by board of directors.
Miss. Code Ann. § 79-4-6.02
in effectIf the articles of incorporation so provide, the board of directors is authorized without shareholder approval, to:
Classify any unissued shares into one or more classes or into one or more series within a class; Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.
If the board of directors acts pursuant to subsection (a), it must determine the terms, including the preferences, rights and limitations, to the same extent permitted under Section 79-4-6.01 of:
Any class of shares before the issuance of any shares of that class, or
Any series within a class before the issuance of any shares of that series.
Before issuing any shares of a class or series created under this section, the corporation must deliver to the Secretary of State for filing articles of amendment setting forth the terms determined under subsection (a).
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.79.htmlFetched: 10/18/2026