A corporation’s shares of stock which are authorized by its articles of incorporation (charter), but have never been issued/ sold/ floated to the public (to shareholders or anyone in the market or within the corporation). Unissued stock does not add to a corporation’s float (issued stock), nor do receive profit distributions (dividend payments). For that very reason, these stocks do not have voting rights.
An unissued stock differs from a Treasury stock, in that treasury stock is one that has been issued, and bought back by the issuing corporation, whereas unissued stock, though authorized, has never been issued. A corporation retains unissued shares in its treasury for later use.
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