All shares authorized by the corporation's articles of incorporation must be issued and sold to shareholders immediately.

Name: All shares authorized by the corporation's articles of incorporation must be issued and sold to shareholders immediately.
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Question

Quizplus · Accepted Answer

The corporation's articles of incorporation may authorize a certain number of shares, but these shares do not have to be issued and sold immediately. The corporation may choose to issue and sell shares over time as needed.

All Shares Authorized by the Corporation's Articles of Incorporation Must