Charter in the context of "Corporations"

⭐ In the context of Corporations, a Charter is considered…

Ad spacer

⭐ Core Definition: Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority (or sovereignty), and that the recipient admits a limited (or inferior) status within the relationship, and it is within that sense that charters were historically granted, and it is that sense which is retained in modern usage of the term. In early medieval Britain, charters transferred land from donors to recipients.

The word entered the English language from the Old French charte, via Latin charta, and ultimately from Greek χάρτης (khartes, meaning "layer of papyrus"). It has come to be synonymous with a document that sets out a grant of rights or privileges.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<

👉 Charter in the context of Corporations

A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person).

Registered corporations have a legal personality recognized by local authorities and their shares are owned by shareholders, whose liability is generally limited to their investment. One of the attractive early advantages corporations offered to their investors, compared to earlier business entities like sole proprietorships and joint partnerships, was limited liability. Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation, or for torts (involuntary harms) committed by the corporation against a third party (acts done by the controllers of the corporation).

↓ Explore More Topics
In this Dossier

Charter in the context of Chronicle

A chronicle (Latin: chronica, from Greek χρονικά chroniká, from χρόνος, chrónos – "time") is a historical account of events arranged in chronological order, as in a timeline. Typically, equal weight is given for historically important events and local events, the purpose being the recording of events that occurred, seen from the perspective of the chronicler. A chronicle which traces world history is a universal chronicle. This is in contrast to a narrative or history, in which an author chooses events to interpret and analyze and excludes those the author does not consider important or relevant.

The information sources for chronicles vary. Some are written from the chronicler's direct knowledge, others from witnesses or participants in events, still others are accounts passed down from generation to generation by oral tradition. Some used written material, such as charters, letters, and earlier chronicles. Still others are tales of unknown origin that have mythical status. Copyists also changed chronicles in creative copying, making corrections or in updating or continuing a chronicle with information not available to the original chronicler. Determining the reliability of particular chronicles is important to historians.

↑ Return to Menu

Charter in the context of Charter of the United Nations

The Charter of the United Nations, also referred to as the UN Charter, is the foundational treaty of the United Nations. It establishes the purposes, governing structure, and overall framework of the United Nations System, including its principal organs: the Secretariat, General Assembly, Security Council, Economic and Social Council, International Court of Justice, and Trusteeship Council. The UN Charter is an important part of public international law, and is the foundation for much of international law governing the use of force, pacific settlement of disputes, arms control, and other important functions of the maintenance of international peace and security.

The UN Charter mandates the United Nations and its member states to maintain international peace and security, uphold international law, achieve "higher standards of living" for their citizens, address "economic, social, health, and related problems", and promote "universal respect for, and observance of, human rights and fundamental freedoms for all without distinction as to race, sex, language, or religion". As a charter and constituent treaty, its rules and obligations are binding on all members and supersede those of other treaties.

↑ Return to Menu

Charter in the context of Charter township

A charter township is a form of local government in the U.S. state of Michigan. While all townships in Michigan are organized governments, a charter township has been granted a charter, which allows it certain rights and responsibilities of home rule that are generally intermediate between those of a city (a semi-autonomous jurisdiction in Michigan) and a village. Unless it is a home-rule village, a village is subject to the authority of any township in which it is located.

Of Michigan's 1,240 townships, 143 are charter townships. A number of charter townships are among the most populous municipalities in Michigan. For example, Clinton Township and Canton Township, both in Metro Detroit, were respectively the 8th and 9th most populous municipalities in Michigan at the 2020 census. The most recent township to become a charter township is Brady Township in Kalamazoo County, which adopted charter status on January 3, 2024.

↑ Return to Menu

Charter in the context of Illuminated manuscript

An illuminated manuscript is a formally prepared document where the text is decorated with flourishes such as borders and miniature illustrations. Often used in the Roman Catholic Church for prayers and liturgical books such as psalters and courtly literature, the practice continued into secular texts from the 13th century onward and typically include proclamations, enrolled bills, laws, charters, inventories, and deeds.

The earliest surviving illuminated manuscripts are a small number from late antiquity, and date from between 400 and 600 CE. Examples include the Vergilius Romanus, Vergilius Vaticanus, and the Rossano Gospels. The majority of extant manuscripts are from the Middle Ages, although many survive from the Renaissance. While Islamic manuscripts can also be called illuminated and use essentially the same techniques, comparable Far Eastern and Mesoamerican works are described as painted.

↑ Return to Menu

Charter in the context of Bourgeoisie

The bourgeoisie are a class of business owners, merchants and wealthy people, in general, which emerged in the Late Middle Ages, originally as a "middle class" between the peasantry and aristocracy. They are traditionally contrasted with the proletariat by their wealth, political power, and education, as well as their access to and control of cultural, social, and financial capital.

The bourgeoisie in its original sense is intimately linked to the political ideology of liberalism and its existence within cities, recognised as such by their urban charters (e.g., municipal charters, town privileges, German town law), so there was no bourgeoisie apart from the citizenry of the cities. Rural peasants came under a different legal system.

↑ Return to Menu