👉 Rechartered, also known as a "rechartering agreement," is a legal document that transfers ownership of an asset from one party to another. It typically involves exchanging the assets for new assets and transferring the rights and obligations associated with the transferred assets. In essence, a rechartered entity is like a new owner who takes over the assets and liabilities of an existing entity. The terms and conditions of the rechartering agreement dictate how the newly created entity will operate, including its ownership structure
