Where Did Company Constitutions Come From?
In the past, there were two key legal documents that filled the role of the modern constitution.
Firstly, there was the Memorandum of Association, which defined rules about how a company could act when dealing with issues and people outside of the company. There was also the Articles of Association, which defined rules about how the company was to operate internally, and regulated relations between people inside the company.
These terms have been retired and are now replaced by the modern constitution.
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