CORPORATIONS-RIGHT OF MAJORITY TO AMEND CHARTER UNDER RESERVED RIGHT OF STATE

Authors

Abstract

As everyone knows, the famous Dartmouth College case established, rightly or wrongly, that a corporate charter is a contract between the state and the corporation and the members of the corporation. Ever since that case the states have sought to avoid the resulting restrictions placed on the power to amend or repeal by the federal Constitution by expressly reserving the power at the time of incorporation.

Recommended Citation

CORPORATIONS-RIGHT OF MAJORITY TO AMEND CHARTER UNDER RESERVED RIGHT OF STATE, 26 Mich. L. Rev. 684 (1928).
Available at: https://repository.law.umich.edu/mlr/vol26/iss6/8