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Authorized Stock
(redirected from Authorised Share)

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Authorized Stock
The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet.

Notes:
This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.

Also known as "authorized shares" or "authorized capital stock".


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? Mentioned in ? References in periodicals archive
 
It is generally the only meeting type that is authorised to make changes to the provisions of a company's Articles: business object, name, authorised share capital (increase, decrease, merger, etc.
Extended Review to cover national blue-chip indices in Belgium, ... by Business Wire
10 To (a) approve the grant of (i) restricted shares to the directors in relation to 2005, (ii) additional 2005 stock options to senior management that had not been approved by the May 31, 2005 AGM, and (iii) restricted performance shares to senior management and employees in relation to 2005; and (b) acknowledge that the grants under this Item 10 will be made within the current authorised share capital of Millicom.
Millicom International Cellular: Convening Notice for AGM/EGM by Business Wire
Increase of the Company's authorised share capital in order to bring it from its current amount of EUR 89,798,407 represented by 16,000,000 shares without nominal value to the new amount of EUR 134,697,610.
Medicover: Notice of Annual General Meeting and Extraordinary General ... by Business Wire
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