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Meaning of “memorandum of association” in the English Dictionary

"memorandum of association" in Business English

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memorandum of associationnoun [C]

uk   us   LAW
in the UK and some other countries, a ​document needed to ​officiallyform a new ​company, which gives details of its ​name, ​activities, ​managers, ​sharecapital, etc.: The company's ​memorandum of ​association sets out the bounds within which the ​company must ​operate.
(Definition of memorandum of association from the Cambridge Business English Dictionary © Cambridge University Press)
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