Limitation on remitting forfeiture of corporate charters

Alabama Constitution (January 1901)

Ala. Const. art XII, s 231 - 231
Permanent Link: http://vlex.com/vid/299171

Id. vLex: VLEX-299171

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Text:

The legislature shall not remit the forfeiture of the charter of any corporation now existing or alter or amend the same, nor pass any general or special law for the benefit of such corporation, other than in execution of a trust created by law or by contract, except upon condition that such corporation shall thereafter hold its charter subject to the provisions of this Constitution.

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