charter

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Charter

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.

charter

References in periodicals archive ?
It gives school districts the option of continuing to participate in the chartering process.
We believe that many school districts, including those who provide responsible district oversight, would welcome the opportunity to have a share of their burden shouldered by new chartering entities," said Dr.