DGCL Sec. 161 - Issuance of stock | Brian JM Quinn | June 25, 2013


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DGCL Sec. 161 - Issuance of stock

Original Creator: Brian JM Quinn Current Version: Brian JM Quinn
The board of directors has the authority to issuance of new shares of the corporation. Provided the shares have been authorized in the certificate of incorporation, the board need not seek stockholder approval prior to issuing such shares. EDIT ANNOTATED ITEM INFORMATION DELETE ANNOTATED ITEM
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The directors may, at any time and from time to time, if all of the shares of capital stock which the corporation is authorized by its certificate of incorporation to issue have not been issued, subscribed for, or otherwise committed to be issued, issue or take subscriptions for additional shares of its capital stock up to the amount authorized in its certificate of incorporation.


8 Del. C. 1953, § 161; 56 Del. Laws, c. 50.;

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