shares issued at incorporation
A technical term in corporate law and finance referring to shares that are issued when a company is first established.
The total number of shares issued at incorporation must be stated in the articles of incorporation.
General term for stock or shares. 設立時発行株式 specifically refers to shares issued at the time of incorporation.
Issuance of new shares, which can occur after incorporation. 設立時発行株式 is limited to the initial issuance at founding.
Compound of 設立時 (at the time of establishment) + 発行 (issuance) + 株式 (shares). A straightforward legal term.