AL · constitutions
Ala. Const. art. XII, § 238
Authority of Legislature to Revoke Charters of Incorporation
The legislature shall have the power to alter, amend, or revoke any charter of incorporation now existing and revocable at the ratification of this Constitution, or any that may be hereafter created, whenever, in its opinion, such charter may be injurious to the citizens of this state, in such manner, however, that no injustice shall be done to the stockholders.
Provenance
- Source
- alison.legislature.state.al.us
- Retrieved
- 2026-09-24
- Edition
- 2026-09-24
- Content hash
9addd8b8607ddc338a4334d68b5ba2790eafcf4cedec08b297b163a5b7792e2c
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