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Authorized Capital Stock

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Authorized Shares
The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.

authorized capital stock
The number of shares of capital stock that a business may issue. Authorized capital stock is stated in a firm's articles of incorporation; changes in it may occur only if approved by the stockholders. The number of shares authorized often greatly exceeds the number actually issued. In this way, management can issue more shares to raise additional funds, or it can use the shares to make an acquisition. Also called shares authorized.


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Founded by Iran`s Tejarat Bank and Belarus` Lada OMS Holding, the new bank has an authorized capital stock of more than e1/45 million, said the press office of the National Bank of Belarus.
The stockholder also approved the reelection of Porta Systems' current board of directors, the adoption of a long-term incentive plan, the selection of BDO Seidman, LLP as Porta Systems' independent registered accounting firm for the year ending December 31, 2009 and a reduction of the authorized capital stock.
Closing of the transaction is subject to customary conditions, including Skinny Nutritional's receipt of stockholder approval to increase its authorized capital stock, which will enable the warrant to be exercisable.
 
 
 
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