- corporate charter
A document filed with state authorities (usually the Secretary of State or Division of Corporations, depending on the state) to form a corporation. As required by the general incorporation law of the state, the charter normally includes the purpose of the corporation, its principal place of business, the names of the initial directors who will control it, and the amounts and types of stock it is authorized to issue. In most states, this document is called the articles of incorporation.Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Look at other dictionaries:
Corporate charter — A legal document creating a corporation. The New York Times Financial Glossary * * * corporate charter UK US noun [C] ► a formal statement of the aims and values of a company or business: »The company cannot alter its corporate charter so that… … Financial and business terms
corporate charter — A legal document creating a corporation. Bloomberg Financial Dictionary * * * corporate charter UK US noun [C] ► a formal statement of the aims and values of a company or business: »The company cannot alter its corporate charter so that its… … Financial and business terms
Corporate Charter — A written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the… … Investment dictionary
corporate charter — Document issued by state agency or authority (commonly Secretary of State) granting corporation legal existence and right to function (i.e., conduct business) as a corporation; or, may mean document filed with Secretary of State on incorporation… … Black's law dictionary
corporate charter — See charter … Ballentine's law dictionary
charter — char·ter 1 n [Old French chartre letter, formal document, from Late Latin chartula, from Latin, diminutive of charta sheet of papyrus] 1 a: a grant or guarantee of rights, powers, or privileges from an authority or agency of a state or country a… … Law dictionary
Corporate personhood — refers to the question about which subset of rights that are afforded under the law to natural persons should also be afforded to corporations as legal persons. In Dartmouth College v. Woodward (1819), corporations were recognized as having the… … Wikipedia
Corporate law in the United States — is a collection of over 50 different systems of corporate law, or one law for each state. Two sources of law are, however particularly important: the Model Business Corporation Act (MBCA), drafted by the American Bar Association was influential… … Wikipedia
Corporate personhood debate — The corporate personhood debate refers to the controversy (primarily in the United States) over the question of what subset of rights afforded under the law to natural persons should also be afforded to corporations as legal persons.Opponents of… … Wikipedia
charter — charterable, adj. charterage, n. charterer, n. charterless, adj. /chahr teuhr/, n. 1. a document, issued by a sovereign or state, outlining the conditions under which a corporation, colony, city, or other corporate body is organized, and defining … Universalium