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 ?
Likewise, in the European market for corporate charters, the relevant provisions are unlikely to be a severe obstacle to corporate mobility because the Member States of the Community have traditionally shown comparatively little inclination to apply their registration and disclosure regimes to corporations that are not listed on local securities exchanges.
And perhaps it would be preferable--if democratization of corporate law is the goal--to look to federalization of corporate charters rather than to the end of the internal affairs doctrine.
And for its success in dominating the corporate charter business, Delaware reaps nearly $500 million in corporate franchise fees each year.
The movement to revoke corporate charters has gotten its history confused.
In particular, investors should obtain and read a copy of the corporate charter, or at least a summary of the charter which is often contained in the prospectus, and determine the extent of managerial protection and entrenchment before deciding to invest in a particular fund.
As part of the reorganization surrounding the corporate charter, the Presbyterians and Anglicans have signed an agreement to resurrect the Christian out-reach of Tyndale.
306n90 citing Karl Marx - an indication of how dated much of his information is), and the year in which Manchester obtained a corporate charter (p.
(17) The twelve trustees of the college, who had been incorporated as "The Trustees of Dartmouth College" to run the religious and literary institution, brought a suit for the corporate property after the New Hampshire state legislature passed acts amending the corporate charter. (18) The state legislature's acts gave the state control over the college by creating a board of state-appointed overseers and transferring property vested in the old trustees to a new board of trustees.
One of the main concerns of scholars was that SOX would federalize corporate law and reduce the important role of state corporate charter competition.
At that time, the States had none of the current rules for obtaining a corporate charter. It was, rather, the era of special charters.
Since the Supreme Court decision in Charles River Bridge in 1837, monopoly privileges were no longer implied by the mere grant of a corporate charter, and they became increasingly rare thereafter.
It may be with or without cause, which really only affects severance issues that may be part of the corporate charter. The shareholders (read, owners) may terminate a director's service at will, only based on the timing stipulated in the company charter or articles of incorporation, with proper notifications, board and shareholder votes, and required regulatory filings.

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