Ancillary Jurisdiction Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Ancillary Jurisdiction, written in plain English, along with examples of how it is used.
What is Ancillary Jurisdiction?
n. also referred to as Certificate of Incorporation or the Charter, The Articles of Incorporation are the basic rules governing the management of a corporation, and are filed with a state or other regulatory agency. The general information provided by a corporation’s Articles of Incorporation is, and not limited to: 1.) name of the Incorporator, 2.) the number of shares the corporation is authorized to issue, 3.) list of the corporation’s Board of Directors, 4.) location of the corporation’s “registered office” – the location at which legal papers can be served to the corporation if necessary. Though the articles vary from country to country and from corporation to corporation but are quite general in nature; the details on the corporation’s modus operandi are covered in its by-laws.
History and Meaning of Articles of Incorporation
The Articles of Incorporation are a legal document that is filed with the state or other regulatory agency when incorporating a company. They outline the basic rules that will govern the management and operation of the corporation, as well as provide details about the company's structure and organization. The Articles typically include information on the corporation's name, address, purpose, structure, and management, among other things.
The Articles of Incorporation have their roots in English Common Law, but were largely standardized in the United States in the early 20th century as more and more businesses began to incorporate. They are a crucial document for any newly-created corporation, as they establish the legal framework and parameters for the company's operation.
Examples of Articles of Incorporation
Here are a few examples of how the term “Articles of Incorporation” might be used in different contexts:
- John is starting a new business and is working on drafting the Articles of Incorporation that he will file with the state. He wants to make sure he includes all the necessary information to ensure his company is well-organized from the start.
- A corporation is seeking to amend its Articles of Incorporation to change its name and expand its purposes. It must follow a specific legal process to do so, including filing the appropriate paperwork with the state and getting approval from shareholders and other stakeholders.
- Sarah is a lawyer who specializes in corporate law. She reviews and advises clients on their Articles of Incorporation, ensuring that they are properly written and comply with all relevant laws and regulations.
- A group of investors are considering incorporating their real estate holdings into a limited liability corporation. They hire a lawyer to draft the Articles of Incorporation and guide them through the legal process of forming the LLC.
Legal Terms Related to Articles of Incorporation
- Bylaws: Detailed rules that govern the internal operation of a corporation or organization.
- Certificate of Incorporation: A legal document that confirms a corporation's status as a legal entity and grants it the rights and privileges that come with that status.
- Limited Liability Company (LLC): A type of business entity that combines the liability protection of a corporation with the tax benefits of a partnership or sole proprietorship.