acceptance of charter
An act essential to the existence of a corporation when the mode of its creation is by special grant to a designated person or persons. This act may be express, its where it appears oil the records of the corporation, or it may be presumed or inferred, as where corporate powers have been assumed or exercised after the granting of the charter. 18 Am J2d Corp § 27.

Ballentine's law dictionary. . 1998.

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