A stock split, like any other stock issuance, cannot involve issuing more shares of stock than authorized in the corporate charter.

Name: A stock split, like any other stock issuance, cannot involve issuing more shares of stock than authorized in the corporate charter.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Issuing more shares than authorized in the corporate charter would require amending the charter, which is a separate process from a stock split.

A Stock Split, Like Any Other Stock Issuance, Cannot Involve