Welcome Middlesex Water Company Investors. Our online tools allow shareholders to complete any tasks digitally."Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. This legal process is known as probate, and it occurs regardless of whether the deceased (also known as the decedent) had a valid will or not. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. PROFESSIONAL SERVICE TITLE: Please fill in the appropriate title in the space above.