82,891
edits
Constitutive documents: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{g}}Those formal bits and bobs that make your [[corporate personality]] flesh and blood: usually, a [[certificate of incorporation]], [[memorandum and articles]] of association or, in more modern corporations, a [[constitution]] and for good order a [[certificate of good standing]]. All those things that set out who the company is, what it is therefore, and all that tedious stuff about shareholder meetings and board resolutions and so on. In the old days it included the company’s objects and purpose, and anything it should do that was outside of those was [[ultra vires]] and void [[Ab initio| ab initio]]. This would give derivatives practitioners hives, what with derivatives being new-fangled, arcane and frankly dangerous things — [[financial weapons of mass destruction]], right? — as they were almost certainly ''not'' within the objectives of most companies established before the [[ | {{a|g|}}Those formal bits and bobs that make your [[corporate personality]] flesh and blood: usually, a [[certificate of incorporation]], [[memorandum and articles]] of association or, in more modern corporations, a [[constitution]] and for good order a [[certificate of good standing]]. All those things that set out who the company is, what it is therefore, and all that tedious stuff about shareholder meetings and board resolutions and so on. | ||
In the old days it included the company’s objects and purpose, and anything it should do that was outside of those was [[ultra vires]] and void [[Ab initio| ab initio]]. This would give derivatives practitioners hives, what with derivatives being new-fangled, arcane and frankly dangerous things — [[financial weapons of mass destruction]], right? — as they were almost certainly ''not'' within the objectives of most companies established before the [[Children of the Woods]] first wrought the [[deep magic]] which brought the first primordial [[sw-æp]]s into existence, and as they had a habit of going, well, thermonuclear on the finance controllers who didn't understand them and had been suckered into loading up on FX trades by mercenary wolven salespeople at ''Gorgman Manley Pynch''. | |||
For [[fund]] entities it will usually generally include its [[prospectus|information memorandum]] and [[investment management agreement]] even though neither, strictly speaking, play any kind of metaphysical role in converting your stack of pointless paper into a real boy. | For [[fund]] entities it will usually generally include its [[prospectus|information memorandum]] and [[investment management agreement]] even though neither, strictly speaking, play any kind of metaphysical role in converting your stack of pointless paper into a real boy. | ||
{{sa}} | |||
*The [[First Men]] | |||
*[[Children of the Woods]] | |||