- Par-value shares may be issued for such consideration, having a value not less than the par value thereof, as determined from time to time by the board, or by the stockholders if the charter so provides.
- No-par shares may be issued for such consideration as is determined from time to time by the board, or by the stockholders if the charter so provides.
- Treasury shares may be disposed of by the corporation for such consideration as may be determined from time to time by the board, or by the stockholders if the charter so provides.
- If the charter reserves to the stockholders the right to determine the consideration for the issue of any shares, the stockholders shall, unless the certificate requires a greater vote, do so by a vote of a majority of the outstanding stock entitled to vote thereon.