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Effective 27 Feb 1945, see footnote bottom

  XI Section 2.  Organization of corporations by general law — special laws relating to corporations — invalidation of unexercised charters and franchises. — Corporations shall be organized only under general laws.  No corporation shall be created, nor shall any existing charter be extended or amended by special law; nor shall any law remit the forfeiture of any charter granted by special act.  All existing charters, or grants of special or exclusive privileges, under which a bona fide organization was not completed, and business was not being done in good faith at the adoption of this constitution, shall thereafter have no validity.

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Source: Const. of 1875, Art. XII, §§ 1, 2, 3.


< end of effective 27 Feb 1945 >

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