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1 : to take in or comprise as a part of a whole or group. 2 : to contain between or within two sides and the included angle. 3 : to shut up : enclose.
Memorandum of Association refers to a charter document that encloses key detail which is necessary for companys incorporation. Articles of Association refer to documents that contain all the norms and rules that regulate the company.
Articles of association outline the rules for running, governing and owning the corporation; including the responsibilities and powers of the directors, and how much influence shareholders have over the board of directors.
Articles of association are similar to articles of organization in that they are also a formation document. In general, articles of association create the a cooperative association. Cooperative associations are similar to partnerships, but the members are typically autonomous units acting together.
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