Section 6. Corporations not to engage in business unauthorized by their charters

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Corporations not to engage in business unauthorized by their charters

Summary:

Election Date: November 8, 1966

Votes For Ratification: 1212790

Votes Against Ratification: 636925

Percent for Ratification: 66%

Percent Against Ratification: 34%

Notes:

Amendment Source: 1965 JR 3

Effective Date Source:

Corporations not to engage in business unauthorized by their charters

No corporation shall engage in any business other than that expressly authorized in its charter, nor shall it take or hold any real estate except such as may be necessary and proper for its legitimate business.

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