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Simple English definitions for legal terms

authorized capital stock

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A quick definition of authorized capital stock:

Authorized capital stock refers to the total amount of shares that a corporation is allowed to issue according to its charter or articles of incorporation. This includes both common and preferred stock. The owners of a majority of outstanding shares can increase the amount of authorized capital stock. Common stock entitles the holder to vote on corporate matters, receive dividends after other claims and dividends have been paid, and share in assets upon liquidation. Preferred stock gives its holder a preferential claim to dividends and corporate assets upon liquidation but usually carries no voting rights.

A more thorough explanation:

Authorized capital stock refers to the maximum number of shares a corporation can issue to raise capital through the sale of shares. This includes both common and preferred stock. The authorized capital stock can be increased with the consent of the majority of outstanding shareholders.

For example, if a corporation has an authorized capital stock of 1,000,000 shares and has issued 500,000 shares, it can issue an additional 500,000 shares to raise more capital.

Another example is if a corporation wants to expand its operations and needs more capital, it can increase its authorized capital stock to issue more shares and raise the necessary funds.

authorized capital | authorized committee

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babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
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