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LSDefine

Simple English definitions for legal terms

unissued stock

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A quick definition of unissued stock:

Unissued stock is stock that a company has authorized to sell but has not yet sold to shareholders or other investors. This stock does not receive dividends or have voting rights, and shareholders cannot use it to cast votes in meetings. Unissued stock is calculated by subtracting outstanding stock and treasury stock from authorized stock. It is important to note that unissued stock and treasury stock are not the same thing.

A more thorough explanation:

Definition: Unissued stock refers to the shares of a company that have been authorized for use in the company's charter but have not been sold or issued to shareholders or other investors in the market. This type of stock does not receive dividend payments, does not have voting rights, and does not accumulate.

For example, if a company has 10,000 authorized shares, 5,000 outstanding shares, and 500 treasury shares, the total number of unissued shares would be 4,500. Unissued stock is not represented by stock certificates because it has not been sold.

Unissued stock is different from treasury stock, which refers to shares that have been issued but have been repurchased by the company and are being held in its treasury.

Overall, unissued stock is a type of stock that a company has authorized but has not yet sold or issued to investors. It does not have any voting rights or receive dividend payments until it is sold or issued.

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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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