Commentary

15 Charters limited in time

ROYAL CHARTERS vol 33
| Commentary

15 Charters limited in time

| Commentary

15 Charters limited in time

Some charters incorporate a body for a specific period of time, at the expiration of which the incorporation automatically lapses unless it is extended by amendment of the original charter, or unless a new charter is granted effective from the expiration of the former one. In earlier times, many such charters existed in respect of banks and trading companies but a charter limited in this manner is very rarely granted today1. On the grant of a new charter to replace one expiring by effluxion of time it is not usual for the expired

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