The maximum number of shares that a company is authorized to issue under its articles of incorporation
The number of shares of stock that are permitted to exist for a company's owners
The number of shares of common stock that a firm's corporate charter allows it to issue (Chapter 7)
the maximum number of shares authorized under the terms of a corporation's articles of incorporation
The maximum amount of shares of any class that can be issued by a corporation under the terms of its articles of incorporation
The maximum number of shares that the company may legally issue under the bylaws of its incorporation
The total number of shares a corporation is authorized to sell This number is specified in the articles of incorporation All of the shares authorized need not be issued
The total number of shares of capital stock which the charter or articles of incorporation permit the corporation to sell The corporation does not have to sell (issue) all authorized shares of stock
Also called "authorized stock", it is the maximum number of shares of any class that a corporation may issue This amount is set at the time of incorporation and is part of the Articles of Incorporation A corporation provides for future increases in authorized stock by the votes of stockholders The corporation does not have to issue all the authorized shares
The maximum number of common (or preferred) shares which the corporation may issue under the terms of its charter (See Issued Shares and Outstanding Shares)