Outstanding shares are shares of stock that have been issued. Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity.A company's authorized share capital is the number of shares of stock it can issue, according to its articles of incorporation. The association may commence business whenever ten percent. T Rowe Price Small Cap Stock Fund. , President or Vice President. Attest: , Cashier or Secretary. The State of Delaware and authorized to do business in the State of Minnesota. Mortenson is a U.S.-based, top-25 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Independent hotel management firm delivering superior investment returns for its strategic partners.