Can a company issue stock without shareholder approval? Resource shareholders generally will not recognize gain or loss for federal income tax purposes on the shares of Fulton common stock they receive in the merger.Issuing shares for past services performed for the corporation can help conserve a company's cash resources, while also helping your workers feel invested. Many who form their first Corporation ask us: How can I issue stock? Use this checklist to guide you through the stock issuance process. Online account access is not available for accounts registered in the name of a Corporation,. 166,110,774 shares of Fulton common stock issued and outstanding on the record date were entitled to vote at the Annual Meeting. This will be the maximum number of shares the corporation can issue without amending its articles. Department will issue an authorization to release any balance in the escrow account to the seller.