charter

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charter,

document granting certain rights, powers, or functions. It may be issued by the sovereign body of a state to a local governing body, university, or other corporation or by the constituted authority of a society or order to a local unit. The term was widely applied to various royal grants of rights in the Middle Ages and in early modern times. The most famous political charter is the Magna CartaMagna Carta
or Magna Charta
[Lat., = great charter], the most famous document of British constitutional history, issued by King John at Runnymede under compulsion from the barons and the church in June, 1215.
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 of England. Chartered companies held broad powers of trade and government by royal charter. In colonial America, chartered colonies were in theory, and to an extent in fact, less subject to royal interference than were royal colonies.

Charter

 

(ustav), a body of rules regulating the structure, procedures, and activities of a state agency, enterprise, or institution or of a particular field of activity. Charters in the USSR include the Rules of Railroads of the USSR and the Statute on Secondary General-education Schools. Charters also regulate the armed forces of the USSR (see). Most charters are approved by the highest bodies of state authority in the USSR; the charters of some institutions and organizations are approved by the appropriate ministries and departments. Voluntary sports societies, the various artists’ unions, dacha-building and housing-construction cooperatives, and other organizations are also governed by charters.

Most international organizations have charters that outline their goals, organizational structure, and activities, for example, the Charter of the United Nations.

charter

1. a formal document from the sovereign or state incorporating a city, bank, college, etc., and specifying its purposes and rights
2. a formal document granting or demanding from the sovereign power of a state certain rights or liberties
3. the fundamental principles of an organization; constitution
4. 
a. the hire or lease of transportation
b. the agreement or contract regulating this
c. (as modifier): a charter flight
5. a law, policy, or decision containing a loophole which allows a specified group to engage more easily in an activity considered undesirable
6. Maritime law another word for charterparty
References in periodicals archive ?
But during the period of industrialization, corporations used their rapidly growing economic power to bore into state constitutions, hiring early-day lobbyists to surreptitiously alter state corporate laws and promote new legal doctrines such as limited liability (originally rationalized by the need to attract investment into risky ventures that benefit the broad public) to challenge the legislatures' ability to regulate their behavior through the corporate charter.
An example of a situation giving rise to such liability would be when a contract, originally executed as a binding agreement to be performed by the Corporation, becomes the personal liability of the owners of the Corporation after the corporate charter was revoked for failure to pay franchise taxes.
Abbett proceeded to rewrite New Jersey's corporate charter laws to make them a little like a Liberian flag of convenience.
Such laws were eventually passed, radically changing the nature of the corporate charter.
If you share our frustration, please join us in blocking the Company's effort to restrict its value creation options by voting AGAINST Apple's plan to amend its corporate charter in Proposal 2 to eliminate preferred stock.
89-50, the IRS addressed situations in which the target did not dissolve under state law so that the value of its corporate charter could be realized.
But with a tracking stock, you must go to the shareholders of the company for a proxy to amend the corporate charter and change the nature of the company common stock into two classes.
Coontz also suggests that government create a level playing field by requiring all companies to adopt such policies as a condition of receiving the legal rights and tax privileges provided under the protection of a corporate charter.
In addition, the corporate charter process had gotten a taint of special privilege.
The key is to understand the benefits of this new networking technology, not the technology itself, then to apply it to your individual corporate charter, weaving it into the corporate fabric-not sewing it on like buttons, as has been done with many information systems in the past.
com announced today that Colgate-Palmolive Company has joined as a corporate charter member to increase diversity and inclusion within their talent and supplier procurement selection pools.

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