Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Authorized Shares Of Stock In North Carolina
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
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Authorized shares is the maximum number of shares that the board of directors is "authorized", or allowed to issue. Identify which type of business entity the converting business is.A corporation is required to issue stock. Every state demands that you supply three basic facts about your business: its corporate name, its registered agent and the number of authorized shares. Every state will require that you indicate how many shares of stock the corporation will be authorized to issue. North Carolina whose business office is identical with the registered office. Shares of Stock the Corporation is authorized to issue. At least one share must be authorized. A corporation is required to issue stock. Our company, a North Carolina corporation, is authorized to issue 100,000,000 shares of common stock with no par value per share.