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 charter normally includes 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. In most states, this document is called the articles of incorporation.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm