"Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.Name of the Corporation, including an appropriate ending. Shares of Stock the Corporation is authorized to issue. Every state demands that you supply three basic facts about your business: its corporate name, its registered agent and the number of authorized shares. Authorized shares are the maximum number of shares that a company is permitted to issue to investors, as laid out in its articles of incorporation. The standard is 10 million shares as authorized shares in the certificate of incorporation. The contract between the Charlotte Fire Department and MEDIC ends on Jan. 9 and there is no deal to extend it. The New York City Department is searching for as many as four gunmen who opened fire outside the Amazura Nightclub early Thursday morning.