articles of association

Articles of Incorporation

A document outlining the basic functions of a company. Among other things, it states whether it will be an S Corporation or a C Corporation and how many authorized shares there will be. It also states how its corporate governance and operations will work. A company that seeks to incorporate must file articles of incorporation with the appropriate authority. In the United States, that authority is usually the states and sometimes the federal government. It is also called a corporate charter or simply a charter. See also: Charter Amendment Limitations.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

articles of association

the legal constitution of a JOINT-STOCK COMPANY which governs the internal relationship between the company and its members or SHAREHOLDERS. The articles govern the rights and duties of the membership and aspects of administration of the company They will contain, for instance, the powers of the directors, the conduct of meetings, the dividend and voting rights assigned to separate classes of shareholders, and other miscellaneous rules and regulations. See MEMORANDUM OF ASSOCIATION.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

articles of association

the legal constitution of a JOINT-STOCK COMPANY that governs the internal relationship between the company and its members or SHAREHOLDERS. The articles govern the rights and duties of the membership and aspects of administration of the company. They will contain, for instance, the powers of the directors, the conduct of meetings, the dividend and voting rights assigned to separate classes of shareholders, and other miscellaneous rules and regulations.

See MEMORANDUM OF ASSOCIATION.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005