Mississippi Constitution ARTICLE 7. CORPORATIONS 178
Mississippi Constitution – Article 7: Corporations (Section 178)
Here is a summary of Section 178 under Article 7 – Corporations of the Mississippi Constitution:
🔹 Section 178 – Regulation of Existing Charters and Corporate Privileges
This section addresses how the state of Mississippi may deal with existing corporate charters and privileges. Specifically, it states:
Corporate charters granted by the Legislature are subject to amendment or repeal by the Legislature.
This applies to both past and future charters.
It affirms the sovereign power of the state to regulate corporations and ensure they operate within public interest.
Any privilege or immunity granted to corporations is not irrevocable and can be modified by law.
✅ Purpose:
The intent is to prevent corporations from being above the law or holding privileges immune to democratic or legislative control. It ensures that corporations remain accountable to the state and its citizens.
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