ARTICLES OF ASSOCIATION
\ˈɑːtɪkə͡lz ɒv ɐsˈə͡ʊsɪˈe͡ɪʃən], \ˈɑːtɪkəlz ɒv ɐsˈəʊsɪˈeɪʃən], \ˈɑː_t_ɪ_k_əl_z ɒ_v ɐ_s_ˈəʊ_s_ɪ__ˈeɪ_ʃ_ə_n]\
Definitions of ARTICLES OF ASSOCIATION
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Articles subscribed by the members of a joint-stock company or corporation organized under a general law, and which create the corporate union between them. Such articles are in the nature of a partnership agreement, and commonly specify the form of organization, amount of capital, kind of business to be pursued, location of the company, etc. 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.
By Henry Campbell Black
Word of the day
- Wanting grace; unpleasing; disagreeable. Unkind, unfavourable.