May a corporation issue shares of stock the total value of which is over and above what it is indicated in its charter?

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1258613

2026-03-07 09:20

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No, a corporation cannot issue shares of stock exceeding the total value specified in its charter. The charter, or articles of incorporation, establishes the maximum number of shares and their par value that a corporation is authorized to issue. Issuing shares beyond this limit would violate corporate regulations and potentially lead to legal consequences. Any change to the number of authorized shares would require an amendment to the charter, typically needing shareholder approval.

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