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 ?
The method can mislead unless we understand why students enter charters and why students leave.
IT HAS NOW BEEN NEARLY 15 years since the first public policy debates emerged surrounding the invention of charter colleges or universities.
We recognize, however, that, while we debate, charter schools are gaining in popularity and religious organizations are already actively involved in establishing their own charters.
While some yachts are now being built with corporate functions in mind, most charters are reserved for family and friends because there's something for everyone.
Some parents have had to confront curricula that turn out to be pervasively religious, and others have been caught off guard by abrupt closings of financially drained charters, leaving them desperately scrambling to find other schools to enroll their children.
Most states have a few charters that never should have been allowed to start and a few more that cannot sustain the pace.
INSIDE CHARTER SCHOOLS: The Paradox of Radical Decentralization edited by Bruce Fuller Harvard University Press, $29.
The fact that traditional public schools experienced net gains in performance, despite a slight decrease in average student quality, suggests that our estimates of the effects of charter-school competition may understate the true effect of charters on traditional public schools.