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 glossary
See 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.

Look at other dictionaries:

  • articles of association — 1: the instrument under which an association is organized 2: articles of incorporation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Articles of association — For the articles adopted by the First Continental Congress in 1774, see Continental Association. The term articles of association of a company, or articles of incorporation, of an American or Canadian Company, are often simply referred to as… …   Wikipedia

  • articles of association — the basic document of a registered company defining its internal organisation. It is one of two fundamental documents on which the registration of a company is based. See memorandum of association. Glossary of Business Terms * * * articles of… …   Financial and business terms

  • articles of association — 1. : a written agreement embodying the purposes or other terms and conditions of the association of a number of persons for the prosecution of a joint enterprise; specifically : a written agreement duly executed and filed so as to have the force… …   Useful english dictionary

  • Articles Of Association — A document that specifies the regulations for a company s operations. The articles of association define the company s purpose and lays out how tasks are to be accomplished within the organization, including the process for appointing directors… …   Investment dictionary

  • 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,… …   Black's law dictionary

  • articles of association — /ˌɑ:tɪk(ə)lz əv əsəυsi eɪʃ(ə)n/ plural noun a document which lays down the rules for a company regarding such matters as the issue of shares, the conduct of meetings and the appointment of directors ● This procedure is not allowed under the… …   Dictionary of banking and finance

  • articles of association — The document that governs the running of a company. It sets out voting rights of shareholders, conduct of shareholders and directors meetings, powers of the management, etc. Either the articles are submitted with the memorandum of association… …   Accounting dictionary

  • articles of association — The document that governs the running of a company. It sets out voting rights of shareholders, conduct of shareholders and directors meetings, powers of the management, etc. Either the articles are submitted with the memorandum of association… …   Big dictionary of business and management

  • articles of association — The agreement entered into by and between the members on forming an unincorporated association. 6 Am J2d Asso & C § 5 …   Ballentine's law dictionary

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