The Number of Authorized Shares of Stock May Be Less

question 42

True/False

The number of authorized shares of stock may be less than the number of outstanding shares.

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Definitions:

Yellow Dog Contract

An employment agreement where the worker promises not to join a labor union during the term of employment, now illegal in many jurisdictions.

Union Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers.

Employers

Individuals or organizations that hire and pay people to work for them, typically controlling the terms of employment.

Norris-LaGuardia Act

A 1932 United States federal law that limited the power of federal courts to issue injunctions against non-violent labor disputes and marked a shift towards protecting labor rights.