Section 1. Corporation; creation; amendment or repeal of laws
Select dates to read amendment and select a date from the dropdown to compare the changes.
Corporation; creation; amendment or repeal of laws
Corporations may be formed under general laws, but shall not be created, nor shall any rights, privileges or franchises be conferred upon them, by special act of the legislature. All laws heretofore or hereafter passed by the legislature for the formation of, or conferring rights, privileges or franchises conferred by such laws may be amended, altered, repealed or abrogated.
Incorporation
Corporations may be formed under general laws, but shall not be created by special act, except for municipal purposes. All laws passed pursuant to this section may be amended, altered or repealed. But the Legislature may, be a vote of two-thirds of the members elected to each House, create a single bank, with branches.