articles of association


articles of association
Basic instrument filed with the appropriate governmental agency (e.g. Sec. of State) on the incorporation of a business. It sets forth the purposes of the corporation, its duration, the rights and liabilities of shareholders and directors, classes of stock, etc.
Such document is referred to as "articles of incorporation" in many states.
Certificate (similar to one of incorporation) used by non-stock companies such as charitable and mutual corporations. Articles of association are to be distinguished from a charter, in that the latter is a grant of power from the sovereign or the legislature.
- certificate of incorporation

Black's law dictionary. . 1990.

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