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 ?
109 The Constitution itself is a form of corporate charter, based on Marshall's reasoning.
48) Dodge illustrated this controversy with the majority ruling that the tax impaired the obligation created under the corporate charter, and Justice Campbell's dissent arguing that the state's power to tax was inalienable and not "renounced in favor
prepared to give corporate charters to groups of citizens who wished to
The Tax Court did not seem to focus on the fact that the forbearance terms were part of the corporate charter.
Corporate charter competition has become an increasingly international phenomenon.
If we had Shell's magic trash can, maybe we should make the company's corporate charter "disappear forever.
will propose corporate charter revisions at its general shareholders meeting in June in order to enable itself to fend off hostile takeover attempts more effectively, company officials said Wednesday.
Bit by bit, decade by decade, state legislatures increased corporate charter length while they decreased corporate liability and reduced citizen authority over corporate structure, governance, production, and labor.
But under modern incorporation statutes, a corporate charter is extremely easy to obtain, and there is no requirement of any meaningful contact whatsoever with the chartering state.
Include indemnification provisions as well as provisions limiting the personal liability of directors for breach of the duty of care in the corporation's corporate charter and indemnification agreements.

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