What is AUTHORIZED CAPITAL?

The maximum number of shares of COMMON STOCK a company is permitted to issue, per the terms of its ARTICLES OF INCORPORATION. Issuance in excess of authorized capital requires an amendment to the articles.

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Related Legal Terms
AUTHORIZED SHARE CAPITAL, CAPITAL STOCK, SHARES AUTHORIZED, EQUITY CAPITAL, CAPITAL REORGANIZATION, CAPITAL EMPLOYED, CAPITAL SURPLUS, COMPLEX CAPITAL STRUCTURE, ECONOMIC CAPITAL, CAPITAL MARKET THEORIES


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