Unissued stock legal definition of unissued 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
The new group plans to change Alterra's corporate structure through the issuance of additional shares, whether out of the current unissued stock
of the company or an increase of its capital stock.
Treasury stock is in substance the same as unissued stock
The new stock may be issued as a result of the sale of previously unissued stock
or Treasury stock, the exercise of stock options or the exercise of stock warrants that were issued in conjunction with a debt offering.