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OVERISSUE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

To issue in excessive quantity ; to issue in excess of fixed legal limits. Thus, “overissued stock” of a private corporation is capital stock issued in excess of the amount limited und prescribed by the charter or certificate of incorporation. See Hayden v. Charter Oak Driving Park, 63 Conn. 142, 27 Atl. 232.

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