Unissued capital stock legal definition of unissued capital stock
unissued stock (redirected from unissued capital stock)
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n. a corporation's shares of stock which are authorized by its articles of incorporation, but have never been issued (sold) to anyone. They differ from "treasury stock," which is stock that was issued and then reacquired by the corporation. (See: stock, corporation, treasury stock)
References in periodicals archive
Mitek will benefit greatly from the reacquisition of its stock, which will be retired and returned to authorized, unissued capital stock
," added Thornton.
In a disclosure to the Philippine Stock Exchange Tuesday, San Miguel said its board of directors had approved an offering of about one billion common shares to be taken out of its unissued capital stock
and treasury shares.
The Wavetech stock has been returned to its transfer agent as authorized but unissued capital stock