The total number of shares that may be issued by a corporation is known as

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The total number of shares that a corporation is authorized to issue is known as authorized shares. These shares may or may not be issued yet. Issued shares are those that have been actually sold to shareholders, outstanding shares are those that are held by shareholders and are not repurchased by the corporation, treasury shares are those that have been repurchased by the corporation and are held by the corporation, and preferred shares are a specific type of equity security that has priority over common shares in terms of dividend payments and asset distributions.

The Total Number of Shares That May Be Issued by a Corporation