1. (1) Approved by the affirmative vote of the holders of all outstanding stock; or
2. (2) Permitted by a unanimous stockholders' agreement.

If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.

Formerly Art. 23, § 102.