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Casebook Read Credits
An Introduction to the Law of Corporations: Cases and Materials
Resource 2 . 6 . 4
less than a minute

DGCL Sec. 161 - Issuance of stock

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.

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