As amended in 2002, the Revised Act permits the creation of classes or series of shares with terms that vary among holders of the same class or series so long as the variations are expressly set forth in the articles of incorporation.

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The Revised Act allows for the creation of classes or series of shares with varying terms among holders within the same class or series, provided these variations are explicitly stated in the articles of incorporation. This flexibility supports the customization of rights, preferences, and limitations to meet specific business needs or investor requirements.

As Amended in 2002, the Revised Act Permits the Creation