authorized shares

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Related to authorized shares: authorized capital, Outstanding shares, Issued shares
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Noun1.authorized shares - the maximum number of shares authorized under the terms of a corporation's articles of incorporation
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"
References in periodicals archive ?
The company has also filed a preliminary proxy to increase the authorized shares of the company, with a record date of December 8, 2011 and a special meeting date of January 24, 2012.
On the other hand, Morgan Stanley may need to use more of its currently authorized shares for bonus payments, which would in turn require shareholder approval.
of Valencia has extended the deadline on its consent solicitation seeking approval from shareholders to increase the company's number of authorized shares of common stock and number of shares of common stock reserved for stock options.

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