authorized stock

noun

  • Business (Corporate) Law/Company Law

Definitions of authorized stock

  • the amount of capital that a company is allowed to have and raise by selling shares, according to its constitutional documents

    The number of shares of authorized stock will have a direct effect on the amount of initial fees you pay to the Department of State for the filing of your new corporation.

Phrase Bank for authorized stock

  • The number of shares of authorized capital stock will have a direct effect on the amount of initial fees you pay to the Department of State for the filing of your new corporation.

  • Authorised capital: S$500,000 divided into 500,000 ordinary shares of S$1.00 each.

  • Some or all of the authorized shares will be issued to shareholders.

  • The company can increase its authorized share capital by passing an ordinary resolution.