Chapter 6 Common Stocks o The corporate form e Corporate charter A corporation exists only when it has been granted a charter, or certificate incorporation Charter is a document issued by a state to a corporation that specifies the rights and obligations of the corporation's stockholders. The charter is the most important constitution of a corporation It may be amended with the approval of the stockholders, perhaps by a majority or two-thirds vote, where each share of stock generally entitles its owner to one voteChapter 6 Common Stocks The corporate form ⚫ Corporate charter A corporation exists only when it has been granted a charter, or certificate incorporation. Charter is a document issued by a state to a corporation that specifies the rights and obligations of the corporation’s stockholders. The charter is the most important constitution of a corporation. It may be amended with the approval of the stockholders, perhaps by a majority or two—thirds vote, where each share of stock generally entitles its owner to one vote