"Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. Shares in the Company shall be issued in the currency of the United States of America.Each beneficial owner of the company will have to complete one form. There is no minimum issued share capital other than issuing at least 1 share at the time 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. Old Nassau had issued and outstanding 9,227 shares of common stock. Shares: In registered form with 1 or more issued to the principal. Yes, you can still be a shareholder of that corporation, if you have good other evidence that shows that you became a shareholder at one point.