- Memorandum of Association
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The Memorandum of Association is the first constitutional document of a company containing fundamentals such as the name, the company's objects and powers, and its original share capital. In the past companies could avoid activities which fell outside their express powers as shown in the Memorandum (the "ultra vires" doctrine). This rule no longer applies, at least for third parties dealing with the company. The Articles of Association contain the internal regulations and bye-laws covering procedure, shares, meetings, directors and other administrative issues. It is commonly based on Table A.
Easyform Glossary of Law Terms. — UK law terms.
- memorandum of association
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the primary constitutional document of a company. It must be drawn up when a company is formed and signed by two or more founder members. It must state the company's name and registered office, the purposes for which it was formed, the amount, if any, of its authorised capital and, where appropriate, that it is a limited (or public limited) company.
Collins dictionary of law. W. J. Stewart. 2001.
- memorandum of association
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A constitutional document of a company which states its name, domicile (England and Wales or Scotland), objects, liability, capital and (in the case of public companies) a declaration of its status. It thus regulates a company's dealings with the outside world. The memorandum must be submitted to Companies House before registration and may be inspected and copied by anyone.For further information, see the Companies House website .
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
