Definition of Authorized stock
1. Noun. The maximum number of shares authorized under the terms of a corporation's articles of incorporation.
Lexicographical Neighbors of Authorized Stock
Literary usage of Authorized stock
Below you will find example usage of this term as found in modern and/or classical literature:
1. Corporation Procedure: Law, Finance, Accounting by Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton, Hugh Ronald Conyngton (1922)
"The net debit balance of the account will show the par value of the authorized stock not yet issued. The difference between the net balances of the Capital ..."
2. The Manual of Statistics: Stock Exchange Hand-book . by Financial News Association (New York, Charles M. Goodsell, Henry E. Wallace (1915)
"Payment on subscriptions was in instalments between February 10, 1913, and February 2, 1914. In February, 1914, a further increase of the authorized stock ..."
3. The Century Illustrated Monthly Magazine (1903)
"Its authorized stock is ... company is the American Bridge Company, the authorized stock of which is ..."
4. Comparative Advantages of the Corporation Laws of All the States and Territories by Herbert Milton Heath (1902)
"Debts not to exceed authorized stock. No general statutory authority to hold stocks of other companies. Issue of preferred stock requires unanimous consent. ..."
5. Laws of Maine Concerning Business Corporations (annotated) with the Liberal by Herbert Milton Heath (1902)
"$25, and for all authorized stock in excess of $10000 an additional fee of one ... Debts not to exceed authorized stock. No general statutory authority to ..."
6. A Treatise on the Law of Private Corporations by Henry Osborn Taylor (1898)
"... the holder of void stock is not entitled to have money paid thereon applied as a credit on the unpaid balance due on authorized stock held by him.4 In ..."