Which document determines the number of shares a corporation is authorized to issue?

• A. Articles of Incorporation
• B. Corporate Bylaws
• C. Shareholders' Agreement
• D. Board of Directors' Minutes

Answer: (A)

Verified step by step guidance

1. Understand the purpose of each document listed in the options. Articles of Incorporation, Corporate Bylaws, Shareholders' Agreement, and Board of Directors' Minutes serve different roles in corporate governance.
2. Learn that the Articles of Incorporation are the foundational legal document filed with the state to establish a corporation. This document typically includes details such as the corporation's name, purpose, and the number of shares it is authorized to issue.
3. Recognize that Corporate Bylaws are internal rules and procedures for managing the corporation, but they do not determine the number of shares authorized to issue.
4. Understand that the Shareholders' Agreement outlines agreements between shareholders, such as voting rights and transfer of shares, but it does not specify the number of shares authorized.
5. Note that the Board of Directors' Minutes record decisions made during board meetings, but they do not establish the number of shares a corporation is authorized to issue. Therefore, the correct document is the Articles of Incorporation.