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When a corporation is established it will list a number of shares that it is authorized to issue. In order to change this number in the future the shareholders would have to vote on an expansion of the number of shares that would be authorized. So, in effect each corporation decides how many shares it will be authorized to issue.

2007-01-02 01:22:28 · answer #1 · answered by waggy_33 6 · 0 0

Go to the secretary of state website and click on the corporation section, it will answer all your questions on corporations.

2007-01-01 19:09:29 · answer #2 · answered by frr_ls 2 · 0 0

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