Florida Community Association Manager Practice Exam

What is another term for Articles of Incorporation?

1. Corporate Charter

2. Bylaws

3. Community Guidelines

4. Governance Documents

The correct answer is: Corporate Charter

Articles of Incorporation are legal documents that establish a corporation in the eyes of the state. They serve as a foundational document that outlines important details about the corporation, such as its name, purpose, and the structure of its management. Another term commonly used for Articles of Incorporation is Corporate Charter. This term emphasizes the formal authorization granted by the state to create a corporation, and it reflects the essence of the articles themselves, which outline the powers and responsibilities of the corporation as a legal entity. In contrast, bylaws are distinct from Articles of Incorporation, as they govern the internal operations of the organization, including rules for meetings, voting, and the roles of officers. Community Guidelines are often set to outline acceptable behavior and rules for residents, not to establish the legal framework of the organization. Governance Documents is a broader term that can encompass various types of documents related to the management and operations of a community association, but it does not specifically refer to the foundational aspect that the Articles of Incorporation or Corporate Charter provide.