Kentucky Constitution
Section 205

Forfeiture of corporate charters in case of abuse or detrimental use.


The General Assembly shall, by general laws, provide for the revocation or forfeiture of the charters of all corporations guilty of abuse or misuse of their corporate powers, privileges or franchises, or whenever said corporations become detrimental to the interest and welfare of the Commonwealth or its citizens.

Text as Ratified on: August 3, 1891, and revised September 28, 1891.
History: Not yet amended.

previous section | next section


List of Constitution Sections | Constitution by Topic | Legislature Home Page