Corporations shall be formed under general laws only. The Legislature shall have power to alter, amend or repeal any charter of incorporation now existing and revocable, and any that may hereafter be created, whenever, in its opinion, it may be for the public interest to do so. Provided, however, that no injustice shall be done to the stockholders.

NOTE: The insertion of Section 178 in Article 7 of the Mississippi Constitution of 1890, was proposed by Laws, 1987, ch. 690 (Senate Concurrent Resolution No. 549), and upon ratification by the electorate on November 3, 1987, was inserted as part of the Constitution by proclamation of the Secretary of State on December 4, 1987.

SOURCES: Laws, 1987, ch. 690, eff December 4, 1987.