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charter |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Charter A legal document that provides for the creation of a corporate entity. A corporation's charter is issued by either a federal or a regional government and effectively creates a legal entity out of the business, which existed only as a partnership, sole proprietorship or similar business before incorporating. Also referred to as "articles of incorporation". Notes: A corporation's charter, once issued by the government of jurisdiction, will vary in structure depending on the country in which it's issued. However, most charters usually include the corporation's name, the location of its head office, the date of incorporation, the amount/type of stock to be issued and any restrictions on areas of business activity or further share issuances. Charter
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Better Bus charters its buses through Oregon Coachways, which provides the bus, fuel, driver and insurance. The bus was operated by Custom Bus Charters, based in Gretna, La. However, he said the purchase stalled when the provincial Highway Transport Board denied ONTC several of the bus charter and tour rights which accompanied the purchase. |
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Bus Charter