Authorized Shares*

2015 07 01 | Category: Offshore Glossary

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Authorized Shares*
The number of shares of each class of stock that is allowed by the articles of incorporation, and that represents the maximum capital investment in the corporation as permitted by the charter. It can be changed with shareholder approval. The books of the corporation show the number of shares issued and outstanding, the number of shares of treasury stock and the number of shares of not issued comprising the total authorized shares. Also called authorized stock or shares authorized.


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