Unissued stock

Also found in: Legal, Wikipedia.

Unissued stock

Shares authorized in a corporation's charter, but not issued.

Unissued Capital Stock

Stock that a publicly-traded company is authorized to issue but has not. Generally, the company's charter specifies the maximum number shares it is allowed to issue, but shareholders can increase or decrease it according to procedures listed in the charter. There is normally a larger amount of unissued capital stock than is required in order to give a company the greatest amount of flexibility. See also: Authorized shares.

References in periodicals archive ?

At the date of sale, the reissuance is recorded just as one would for the sale and issuance of unissued stock.

Changes in corporate capital after formation - treasury stock

Stock purchased under this program will be restored to the status of authorized but unissued stock of the Company.

Saratoga Bancorp, Parent Company For Saratoga National Bank, Announces Intent to Repurchase Shares

Shares acquired by repurchase will be returned to the authorized but unissued stock of the Company.

National Insurance Group Announces Stock Repurchase Plans

The Common Stock may be either shares of authorized but unissued Stock or shares of Stock purchased by the Company in the open market.

GREENWICH AIR SERVICES, INC. ANNOUNCES ADOPTION OF EMPLOYEE STOCK PURCHASE PLAN

to issue 10,900,000 shares of its authorized but unissued stock to the owners of X.

Malibu signs letter of intent to acquire X.M. Inc.; X.M. Inc. to build 1,800 ton per day anhydrous ammonia production facility in Venezuela