The highest governing document in a corporation. Also known as the corporate charter, it generally includes the purpose of the corporation, the type and number of shares, and the process of electing a board of directors. The articles of incorporation must be filed with the state at the time of incorporation, and may be amended or repealed as permitted by law and the articles themselves.
Definition from Nolo’s Plain-English Law Dictionary
A document filed with state authorities (usually the Secretary of State or Division of Corporations, depending on the state) to form a corporation. As required by the general incorporation law of the state, the articles normally include the purpose of the corporation, its principal place of business, the names of the initial directors who will control it, and the amounts and types of stock it is authorized to issue.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:11 pm