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recharter

  • a word derived from charter.
    charter
    noun
    a document, issued by a sovereign or state, outlining the conditions under which a corporation, colony, city, or other corporate body is organized, and defining its rights and privileges.

Example Sentences

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Congress sent Jackson a bill to recharter the Bank of the United States in early July 1832, and he replied with a thunderous veto message excoriating special privileges.

From Textbooks ● Jan. 18, 2018

In 1832, in the midst of his re-election campaign, Jackson, in the pivotal event of his presidency, vetoed a bill to recharter and keep in existence the Second Bank of the United States.

From Time ● Jan. 14, 2016

CEO Don Mayer wants to recharter as a benefit corporation if the Vermont law is passed, in part because he is considering selling a stake in the company to raise funds for a third store.

From BusinessWeek ● Apr. 22, 2010

Also, as he himself admits, it is important to recharter the Banks in a period of prosperity rather than during a depression, when opposition to renewing the Reserve charters will be strongest.

From Time Magazine Archive

In 1811 the attempt to recharter the First United States Bank was defeated in the Senate by the casting vote of Vice-President Clinton.

From American Eloquence, Volume 4 Studies In American Political History (1897) by Alexander Johnston