the maximum number of shares that a company is allowed to issue, as specified in its constitutional documents Some or all of the authorized shares will be issued to shareholders.
- authorized shares
- Exco will ask its shareholders to approve an increase in the amount of authorized shares.
- This reduction of authorized shares will allow us to better service our shareholders.
- Her authorized shares were of a value of $100 each.
- This number can be increased with shareholder approval.