Art. X, § 1
Corporations; formation of
Limit
Taxes, Money & Commerce
Art. X · Corporations
Official text rightpowerlimitif conditionlegal term
Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where, in the judgment of the legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section may be altered from time to time or repealed.
Simplified explanation
Corporations may be formed under general laws but not created by special act, except for municipal purposes or where the legislature judges general laws cannot attain their objects. Such laws and acts may be altered or repealed.