- Articles of Association
- The document which acts as a contract between a company and its shareholders, giving the rights and duties of the shareholders with the company and between themselves. Dresdner Kleinwort Wasserstein financial glossarySee also Memorandum of Association, the other main constitutional document of a company. Dresdner Kleinwort Wasserstein financial glossary
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articles of association ˌarticles of associˈation , ˈarticles of incorpoˈration noun [plural]LAW an official document giving details of the structure and running of a company, for example the powers of directors, the rights of shareholders, the way in which the accounts will be approved, etc:• Rolls Royce announced the level of foreign ownership of shares has reached 29.5%, the maximum permitted by the company's articles of association.
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articles of association UK US noun [plural] LAW► a document that contains details of how a company is organized, for example, the duties of management, rights of shareholders, and when meetings will be held. It is one of the documents needed to create a new company in the UK and some other countries: »The shareholders need only propose an amendment to their companies' articles of association, and then vote for it.
→ Compare ARTICLES OF INCORPORATION(Cf. ↑articles of incorporation), MEMORANDUM OF ASSOCIATION(Cf. ↑memorandum of association)
Financial and business terms. 2012.