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Glossary of Terms

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Found corporation 70 times.

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1. administrative dissolution
Involuntary cessation of the existence of a corporation by a government authority. It is prompted usually by the corporation's failure to comply with certain statutory requirements such as to file an annual return or pay its taxes.

2. agent for service of process
Officer appointed by a corporation to receive legal notices or processes on the corporation's behalf. Also called registered agent.

3. alien company
corporation registered or incorporated under the laws of a foreign country, and whose registered address is in that country. Also called alien corporation.

4. alien corporation
Alternative term for alien company.

5. articles of amendment
Document filed to effect and formalize changes in the previously-filed articles of association or articles of incorporation.

6. articles of formation
Alternative term for articles of incorporation.

7. articles of incorporation
US term for the basic legal document which, similar to the UK's memorandum of association, gives birth to a corporation. Together with the certificate of incorporation (corporation's 'birth certificate') it constitutes the charter that gives the corporation an independent existence as a legal entity. Also called articles of formation or articles of organization.

8. articles of organization
Alternative term for articles of incorporation.

9. authorized share capital
Maximum value of securities that a firm can legally issue. This number is specified in the memorandum of association (or articles of incorporation in the US) when a firm is incorporated, but can be changed later with shareholders' approval. Authorized share capital may be divided into (1) Issued capital: par value of the shares actually issued. (2) Paid up capital: money received from the shareholders in exchange for shares. (3) Uncalled capital: money remaining unpaid by the shareholders for the shares they have bought. Also called authorized capital, authorized stock, nominal capital, nominal share capital, or registered capital.

10. autonomic law
Internal regulation or rule imposed by a private entity, such as a corporation or university.

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