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Simple English definitions for legal terms

authorized stock

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A quick definition of authorized stock:

Authorized stock refers to the total number of shares of stock that a corporation is allowed to issue under its charter or articles of incorporation, including both common stock and preferred stock. This means that the company has permission to sell a certain amount of shares to investors in order to raise capital. Shareholders who own authorized stock have the right to participate in the company's general management and to share in its net profits or earnings.

A more thorough explanation:

Authorized stock refers to the maximum number of shares of stock that a corporation is allowed to issue according to its charter or articles of incorporation. This includes both common stock and preferred stock.

For example, if a corporation's charter authorizes the issuance of 1,000,000 shares of stock, but only 500,000 shares have been issued and are outstanding, then the corporation still has 500,000 shares of authorized stock that it can issue in the future.

Authorized stock is important because it sets a limit on how much capital a corporation can raise through the sale of its shares. It also helps to protect investors by ensuring that the corporation does not issue more shares than it is authorized to, which could dilute the value of existing shares.

authorized shares | authorship

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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