Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shares Authorized Vs Issued In Fulton
State:
Multi-State
County:
Fulton
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
If it does occur, a company has breached any agreement with those investors, employees or other parties that have been “issued” the excess shares. In addition to any conflict with these potential recipients, such over-issuances are often complex (but not impossible) to correct under state law.
The term “authorized, issued and outstanding” refers to shares in a company that have been sold publicly. They are “authorized” because they fall within the maximum number of shares a company can sell ing to its corporate charter. They are “issued” because they have been sold.