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dido:public:ra:1.3_gov:1_legaldocs:1_charter

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3.2.1 Charter

return to Legal Documents

Note: Within the DIDO context, an Ecosphere requires a Charter. Ecosystems, and Domains are chartered under and with the approval of their parent Ecosphere.

A charter is a legal document providing a community_of_interest_coi basic information such as its location, profit status (usually non-profit), governing board composition and stakeholder structure. Sommetimes the Charter is referred to as the articles of incorporation or a certificate of incorporation, A CoI Charter is not the same as the CoI Bylaws, which set forth the rules for the company's day-to-day operations.1).

The CoI charter is important because when they are filed and approved with a legal entity, such as a secretary of state, they “give birth” to a new CoI as a formal corporation.

The charter also describes the makeup of the board of directors and the ownership structure of the organization. The articles of incorporation of a for-profit business include the number, classes and par values of authorized shares. The name and address of the company’s registered_agent should be included. Chaarters: Creating the Organization

Essential Elements of a Charter

  • Name
  • Address
  • Statement of Purpose
  • Profit Status (Usually non-Profit)
  • Agent's Address
  • Number of Shares Authorized
  • The Classes and par value of the shares
  • Roles and Responsibilities
  • **Directors*

Standards

  • The Charter id made specifically for the CoI (i.e., Ecosphere).

Tools

References

1)
Investing Answers, Corporate Charter, Accessed 21 March 2020, https://investinganswers.com/dictionary/c/corporate-charter
dido/public/ra/1.3_gov/1_legaldocs/1_charter.1590874581.txt.gz · Last modified: 2020/05/30 17:36 by char
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