What does the Revised Corporation Code state about the issuance of shares?

The Revised Corporation Code specifies that shares must be issued in accordance with the provisions of the law and the corporation's articles of incorporation. This ensures that the issuance of shares is regulated and aligned with the established rules that govern corporate entities.

By adhering to the laws and the articles of incorporation, corporations can maintain compliance with regulatory standards and protect the rights of the shareholders. This also standardizes the processes associated with share issuance, providing clarity and transparency in how shares are managed and sold to investors or stakeholders.

In contrast, the other choices present various inaccuracies regarding share issuance. For instance, the notion that shares can be issued at any time without restrictions disregards the formal procedures established in law. Moreover, the option suggesting that only preferred shares can be issued is incorrect as corporations can issue various classes of shares, not limited to just preferred ones. Finally, while market value consideration is important in business practices, it is not mandated by the Revised Corporation Code that shares must always be sold at market value; other factors can influence pricing and issuance scenarios.