Once the amount of shares that a corporation is authorized to issue has been specified in the charter,it cannot be changed,so the charter commonly specifies more shares than are to be issued initially.

Question

Quizplus · Accepted Answer

The amount of shares a corporation is authorized to issue can be changed through a formal amendment to the corporation's charter, which typically requires approval from the shareholders and sometimes the board of directors.

Once the Amount of Shares That a Corporation Is Authorized