Article 14 Section 2 – Formation under general laws; change of laws; regulation

2. Formation under general laws; change of laws; regulation

Section 2. Corporations may be formed under general laws, but shall not be created by special acts. Laws relating to corporations may be altered, amended, or repealed at any time, and all corporations doing business in this state may, as to such business, be regulated, limited, and restrained by law.

Article 14 Section 3 – Existing charters

3. Existing charters

Section 3. All existing charters under which a bona fide organization shall not have taken place and business commenced in good faith within six months from the time of the approval of this Constitution shall thereafter have no validity.

Article 14 Section 4 – Restriction to business authorized by charter or law

4. Restriction to business authorized by charter or law

Section 4. No corporation shall engage in any business other than that expressly authorized in its charter or by the law under which it may have been or may hereafter be organized.