3. Identical terms. A share of a series must have preferences, limitations and relative rights identical with those of all other shares of the same series and, except to the extent otherwise provided in the description of the series, with those of other series of the same class.

3-A.__Filing articles of amendment.__Before issuing any shares of a class or series created under this section, the corporation shall deliver to the Secretary of State for filing articles of amendment setting forth the terms authorized under subsection 1.

4. Filing articles of amendment. Before issuing any shares of a class or series created under this section, the corporation shall deliver to the Secretary of State for filing articles of amendment, which are effective without shareholder action, that set forth:

A. The name of the corporation;

B. The text of the amendment determining the terms of the class or series of shares;

C. The date the amendment was adopted; and

D. A statement that the amendment was duly adopted by the board of directors.

Sec. B-57. 13-C MRSA §625, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is repealed and the following enacted in its place:

§625. Share options

1.__Board authority to issue options.__A corporation may issue rights, options or warrants for the purchase of shares or other securities of the corporation.__The corporation's board of directors shall determine:

A.__The terms upon which the rights, options or warrants are issued; and

B.__The terms including the consideration for which the shares or other securities are issued.

The authorization by the board of directors for the corporation to issue these rights, options or warrants constitutes