"Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. Outstanding shares are shares of stock that have been issued.The simple answer to this is that the authorized share count for a corporation is only the number of shares it is legally able to issue at a given time. You do not have to issue all shares authorized; that way, you have the flexibility to add more shareholders at a later date. In this section, you can find information and answers to the following questions: 1. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Binding obligations of Alameda CTC. Write the name of the Candidate in the space provided and completely fill in the oval. The California Department of Public Health is dedicated to optimizing the health and well-being of Californians. In the following sections, we review what a bank account beneficiary is and how to find out if you've been designated as one.