WVC 31 D- 6 - 624
§31D-6-624. Share options.
A corporation may issue rights, options or warrants for the
purchase of shares of the corporation. The board of directors
shall determine the terms upon which the rights, options or
warrants are issued, their form and content, and the consideration
for which the shares are to be issued.
Note: WV Code updated with legislation passed through the 2012 1st Special Session