Acceptance of charter

What does Acceptance of charter mean in American Law?

The definition of Acceptance of charter in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

As with any other grant of rights, powers, responsibilities, etc., the grant of a corporate charter must be “accepted.” That acceptance, however, may be express or implied from the actions of the grantee. Under older practice, when a corporate charter was specially granted to a particular person or persons, there was need for some manifestation of acceptance. Under practice pursuant to modern corporation laws, however, under which a specific formal application for a corporate charter is made, it

is just assumed that when a charter applied for is issued it is accepted.