corporate charter

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Corporate charter

A legal document creating a corporation.

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.

corporate charter

References in periodicals archive ?
In that case, the Supreme Court held that a corporate charter "is a contract" protected by the Contracts Clause of the U.
As long as the corporate charter says that making money is the corporation's only objective, a CEO invites shareholder lawsuits if he or she pursues other goals.
That's not true of subsidies, land grants, and the other policies that Grossman and Adams list: They really are special privileges, whether enacted as a condition of a corporate charter or put in place some other way.
3 million Apple shares, Greenlight is alarmed that Apple is attempting to eliminate preferred stock from its corporate charter, hindering its ability to unlock value for shareholders.
The ruling exemplifies the Service's willingness to allow a corporation to dispose of a valuable corporate charter without incurring unfavorable tax consequences for complying with government agency structuring requirements.
Now only directors, rather than shareholders, could propose amendments to the corporate charter.
The decision was approved at an extraordinary meeting of shareholders the same day, along with amendments to Howa Bank's corporate charter to allow the bank to sell up to 6 billion yen worth of new shares to its business partners, Howa said.
Whether all outstanding shares confer identical distribution and liquidation rights depends on the "governing provisions," including the corporate charter, articles of incorporation, bylaws, applicable state law and "binding agreements" on distribution and liquidation proceeds.
Parties entitled to vote on corporate policy are informed of the quasi reorganization and approvals required by state law and corporate charter are obtained.
It is worth noting that the corporate law of Delaware and most states permits the corporate charter to contain virtually any provision for the management of a company and for creating, defining, limiting, and regulating the powers of a company, its directors, and shareholders or any class of shareholders.
Colonial has no ongoing insurance business but will retain its corporate charter and insurance licenses.
com announced today that EMC has joined as a corporate charter member to increase diversity and inclusion within their talent and supplier procurement selection pools.

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