surrender of charter

surrender of charter. Corporations. The dissolution of a corporation by a formal yielding of its charter to the state under which it was created and the subsequent acceptance of that charter by the state. [Cases: Corporations 610(1). C.J.S. Corporations §§ 835–837.] “The surrender of a charter can be made only by some formal, solemn act […]

Corporations. The dissolution of a corporation by a formal yielding of its charter to the state under which it was created and the subsequent acceptance of that charter by the state. [Cases: Corporations 610(1). C.J.S. Corporations §§ 835–837.]