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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

To cut their losses, companies offered to recharter their vessels to other shipping firms at bargain-basement prices.

From Time Magazine Archive

Though Albert Gallatin, Secretary of the Treasury, had recommended a recharter, the predominant sentiment of the Republican party was adverse to the measure.

From A Compilation of the Messages and Papers of the Presidents Volume 3, part 2: Martin Van Buren by James D. (James Daniel) Richardson