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
All shares repurchased under the plan will be restored to the status of authorized but unissued stock
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.
Section 1207 prohibits "a domestic stock insurance company" from distributing options on its authorized but unissued stock
to anyone other than its own officers and employees.