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Law Educator, Esq.
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If I have a C Corporation based in Florida and want to issue

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If I have a C Corporation based in Florida and want to issue common stock but have no unauthorized but unissued available, can the Board approve additional issuance or do I need to get a shareholder vote to authorize?
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

You need to read your bylaws first. Absent any provision in your bylaws to the contrary, the power of the board of directors is to issue shares and to vote to authorized more shares, keeping in mind that in doing so they need to avoid intentionally doing so to water down the existing shares. Issuing more shares by default is the inherent power of the board of directors along with determining share price, par value and dividends.

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