charter

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Charter

A grant from the government of ownership rights in land to a person, a group of people, or an organization such as a corporation.

A basic document of law of a Municipal Corporation granted by the state, defining its rights, liabilities, and responsibilities of self-government.

A document embodying a grant of authority from the legislature or the authority itself, such as a corporate charter.The leasing of a mode of transportation, such as a bus, ship, or plane. A charter-party is a contract formed to lease a ship to a merchant in order to facilitate the conveyance of goods.

charter

n. the name for Articles of Incorporation in some states, as in a corporate charter.

charter

(Declaration of rights), noun announcement, constitution, decree, official announcement, proclamation, promulgation, pronouncement, public announcement, public statement, publication, writing
Associated concepts: amendment of a charter, amendment to a charter, articles of incorporation, charter of a foreign corporation, charter of a municipal corporation, charter of an association, corporate charter, county charter, municipal charter, partnership charter, reform a charter, repeal of a charter, special charter, state charter

charter

(License), noun authority, certificate, certifiiate of permission, dispensation, express permission, grant, imprimatur, instrument, muniment, official docuuent, patent, permit, written permission
Associated concepts: chartered bank, chartered by law, exxiration of a charter, renewal of a charter

charter

(Sanction), noun acceptance, acquiescence, admission, allowance, approval, assent, authority, authorization, concurrence, consent, countenance, delegation, empowerment, endorsement, enfranchisement, entitlement, franchise, grant, leave, liberty, license, permission, permit, pragmatic sanction, privilege, ratification, recognition, sufferance, support, tolerance, toleration, vested right
Associated concepts: chartered by the law
See also: agreement, allow, appoint, appointment, approve, authority, authorize, bestow, brevet, bylaw, capacity, certificate, certify, code, confirm, constitute, constitution, contract, countenance, deed, delegate, document, enactment, engage, establish, franchise, hire, immunity, incorporate, instrument, invest, launch, law, lease, let, license, ordinance, pact, pandect, permission, permit, prerogative, privilege, protocol, rent, sanction, tolerance, treaty, vest, warrant

CHARTER. A grant made by the sovereign either to the whole people or to a portion of them, securing to them the enjoyment of certain rights. Of the former kind is the late charter of France, which extended to the whole country; the charters which were granted to the different American colonies by the British government were charters of the latter species. 1 Story, Const. L. Sec. 161; 1 Bl. Com. 108 Encycl. Amer. Charte Constitutionelle.
     2. A charter differs from a CONSTITUTION in this, that the former is granted by the sovereign, while the latter is established by the people themselves : both are the fundamental law of the land.
     3. This term is susceptible of another signification. During the middle ages almost every document was called carta, charta, or chartula. In this sense the term is nearly synonymous with deed. Co. Litt. 6; 1 Co. 1; Moor. Cas. 687.
     4. The act of the legislature creating a corporation, is called its charter. Vide 3 Bro. Civ. and Adm. Law, 188; Dane's Ab. h.t.

CHARTER, mar. contr. An agreement by which a vessel is hired by the owner to another; as A B chartered the ship Benjamin Franklin to C D.

References in periodicals archive ?
Discussing the effect of the Dartmouth College case, Elizabeth Pollman also argues that "[r]ecognizing the corporate charter as covered by the Contract Clause and the corporation's property as protected by the Due Process Clause stabilized the corporate form as a viable organization for long-term private investment.
109) For example, a state legislature's act providing a corporate charter to an insurance company states that it would '"alleviate the distress of, and afford immediate relief to, sufferers' from fire damage" and a bank charter from the time states it "will probably be of great public utility.
But, all else equal, for new profits a territorial system tends to decrease tax surplus from incorporating in a different jurisdiction (relative to a worldwide system) and thus diminish the possibility for tax-induced distortions to the corporate charter market.
And like those other areas of law, the rules of corporate governance affect more than the parties embodied in the corporate charter.
State corporate charter rules could set any conditions that popular will might dictate--from who should be on the boards, to the values corporations must operate by, to whether they may buy up other enterprises, move to other cities and countries, or anything else that affects the public interest.
The point is not only to argue for the viability of corporate charter revocation, but to emphasize that it is citizens who give corporations their right to exist, and that they retain the right to define and even remove the powers given to corporations.
Courts have clearly reasoned that holding officers, directors and stockholders personally liable for obligations that arise during the operation of a corporation when the corporate charter has been revoked for non-payment of franchise taxes is to ensure that they not be allowed to avoid personal liability because of their nonfeasance.
In a lawsuit brought by TV preacher Jerry Falwell in November 2001, the evangelist's Thomas Road Baptist Church challenged a Virginia law passed in 1787 that prohibited corporate charters for religious institutions.
corporate law is whether competition in the corporate charter market represents a "race to the top" or a "race to the bottom.
Such laws were eventually passed, radically changing the nature of the corporate charter.
Abbett proceeded to rewrite New Jersey's corporate charter laws to make them a little like a Liberian flag of convenience.
Riley argued that the Kentucky state constitution, which clearly prohibits corporate support for political candidates and orders that a corporate charter be revoked if the restriction is violated, backs up his cause.

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