articles of incorporation

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Articles of incorporation

Legal document establishing a corporation and its structure and purpose.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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 incorporation

The document that a firm files with state authorities when establishing a corporation. This document contains the firm's name and address, the type and amount of stock to be authorized and issued, the type of business activity, a delineation of corporate powers, and other information. Also called charter, corporate charter.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
In sum, Centros, Uberseering, and Inspire Art are not only a boon to the intra-Community market for corporate charters, but they may also herald an era of transatlantic charter competition.
Delaware's desire to regulate springs from the fact that without such power, it cannot dominate the market for corporate charters. Such a desire should not be material in the conflicts-interest analysis, since it is a desire that many, if not all, other states share.
corporate charters. This Article thus provides some support for the
"In California, the very same statutory words that authorize revocation of corporate charters also authorize revocation of governmental power unlawfully usurped, and those words have been used for the latter purpose scores of times over the years."
By definition, a health care corporation has a duty to provide health care....To protect the health of the people and to prevent the public mischief that is being done, I urge you to bring a quo warranto civil action against the Cleveland Clinic revoking their corporate charter."
"The Attorney General's office at first said that they didn't have the jurisdiction to revoke corporate charters and then several hours later they said 'oops, we do, we didn't realize that we do,'" says Robert Benson, the lead attorney for the National Lawyers Guild's International Law Project for Human, Economic and Environmental Defense (HEED), which prepared the petition, "Then they said they would take several months to study the petition and give it serious review.
In particular, investors should obtain and read a copy of the corporate charter, or at least a summary of the charter which is often contained in the prospectus, and determine the extent of managerial protection and entrenchment before deciding to invest in a particular fund.
Ralph Winter, in an influential 1977 article, started by acknowledging that states compete to maximize their share of the nation's corporate charters, and that they do so primarily through loosening the conditions of chartering.
(21) The Court reasoned that the corporate charter was a contract as it effectively represented an agreement between the people who applied for it and the government body that granted it.
At that time, the States had none of the current rules for obtaining a corporate charter. It was, rather, the era of special charters.
For one thing, as Hilt concedes, the presence of price restrictions in corporate charters is unambiguous evidence that the legislature was concerned about the firm's exercise of monopoly power vis-a-vis consumers.

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