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50: Consent to issue of shares
or “Shares that create new debts need your written consent before they're issued”
You could also call this:

“Shares become official when the owner's name is added to the share register”

When a company gives out shares, there’s a specific moment when those shares officially belong to someone. This moment is when the company writes the name of the person who owns the shares in a special list called the share register. As soon as the name is written down, the shares are considered to be given out or ‘issued’. This is how the law decides exactly when someone becomes a shareholder of a company.

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Next up: 52: Board may authorise distributions

or “Company directors can approve sharing profits with shareholders if the company can still pay its bills”
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Part 6 Shares and debentures
Issue of shares

51Time of issue of shares

  1. A share is issued when the name of the holder is entered on the share register.