Art. XX, § 5
Corporation laws may be changed
Power
Taxes, Money & Commerce
Art. XX · Miscellaneous Subjects
Official text rightpowerlimitif conditionlegal term
All laws now in force in this State concerning corporations and all laws that may be hereafter passed pursuant to this section may be altered from time to time or repealed.
History: Sec. 5 renumbered from Sec. 24 on June 8, 1976, by Prop. 14. Res.Ch. 5, 1976.
Simplified explanation
All laws in force concerning corporations, and all laws later passed under this section, may be altered from time to time or repealed.