Statutes have been enacted in various jurisdictions setting forth requirements as to the form and manner of execution of the constitution or articles of association, and the bylaws, of an association or club. If the drafter does not comply with such formalities, the documents may not be accepted for filing by the designated public officer, and the existence of the association or club as a legal entity will not be recognized. In some jurisdictions, the constitution or articles of association, and the bylaws, must be executed properly. Execution generally implies the signing of the instruments by the proper officers or other parties, in conformity to the requirements of the governing statute.
Statutes in some jurisdictions require that the constitution or articles of association, and the bylaws, be acknowledged or verified. In some jurisdictions, it is required by statute that the constitution or articles of association be recorded, particularly where the association or club owns real property or any interest in real property.
Articles Of Incorporation And Bylaws Example
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FAQ
Incorporation definition Broadly speaking, ?incorporated? is used to mean that your business is registered with a state so that it becomes a separate legal entity.
The ?purpose? clause is one of the most important provisions in a nonprofit organization's Articles of Incorporation. This language satisfies a core legal requirement while also establishing the organization's main mission and permissible range of activities.
This aircraft incorporates several new safety features. He has become more venturesome this season with dress designs that incorporate a variety of ethnic influences. The film incorporates elements of fantasy and science fiction.
Incorporation is the broad term to describe a business registered with a state to become a separate legal entity. That business entity often is owned by shareholders (even if it is a single-member owned corporation) that may also be overseen by a board of directors.
The company Apple, for example, was incorporated under the full name Apple Inc, while Microsoft is formally incorporated as Microsoft Corporation.