Mississippi Const. art. 7, § 180

Mississippi Constitution

Article 7, § 180 — Organization

Mississippi Const. art. 7, § 180 (Organization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Section§ 180

CitationMississippi Const. art. 7, § 180

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Miss. Const. art. 7, § 180.

Full Text

All existing charters or grants of corporate franchise under which organizations have not in good faith taken place at the adoption of this Constitution shall be subject to the provisions of this article; and all such charters under which organizations shall not take place in good faith and business be commenced within one year from the adoption of this Constitution, shall thereafter have no validity; and every charter or grant of corporate franchise hereafter made shall have no validity, unless an organization shall take place thereunder and business be commenced within two years from the date of such charter or grant.

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All existing charters or grants of corporate franchise under which organizations have not in good faith taken place at the adoption of this Constitution shall be subject to the provisions of this article; and all such charters under which organizations shall not take place in good faith and business be commenced within one year from the adoption of this Constitution, shall thereafter have no validity; and every charter or grant of corporate franchise hereafter made shall have no validity, unless an organization shall take place thereunder and business be commenced within two years from the date of such charter or grant.