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English definition of “memorandum of association”

memorandum of association

noun [C]     LAW
in the UK and some other countries , a document needed to officially form a new company , which gives details of its name , activities , managers , share capital , etc.: The company's memorandum of association sets out the bounds within which the company must operate . → See also articles of association
(Definition of memorandum of association noun from the Cambridge Business English Dictionary © Cambridge University Press)
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