corporate charter

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A corporate charter is a flexible document that an incorporator is required to prepare and file with the Secretary of State in the state of incorporation. The corporate charter must name the original incorporations, the corporation’s name and its business, and its original capital structure (for instance, the number and classes of shares).

Corporate charters also include information about the corporation’s purpose, any voting rights attached to these shares, and sometimes the size of the Board of Directors along with their terms and the process for removing a member of the Board of Directors.

See also: Articles of Incorporation

[Last updated in January of 2022 by the Wex Definitions Team]