Authorized capital stock is the largest amount of shares a company is permitted to issue. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.Authorized and Issued Capital of San Antonio. The authorized share capital of San Antonio consists of 100,000,000 San Antonio Shares. Outstanding shares are shares of stock that have been issued. The Texas Stock Exchange aims to revitalize competition for issuers, establish the premier venue for listings, and create a world-class trading platform. In the event of any liquidation, dissolution or winding up of the corporation, or any reduction or decrease of its capital stock resulting in a distribution of. An increase in capital stock requires a charter amendment only if the authorized shares or par value is amended. Authorized shares represent the total number of shares a company is legally permitted to issue, as specified in its articles of incorporation. A leader in the alternative asset space, TPG was built for a distinctive approach, managing assets through a principled focus on innovation.