Constitution of Pennsylvania — ARTICLE X

ARTICLE X

PRIVATE CORPORATIONS

 

Sec.

1.  Certain unused charters void.

2.  Certain charters to be subject to the Constitution.

3.  Revocation, amendment and repeal of charters and corporation laws.

4.  Compensation for property taken by corporations under right of eminent domain.

 

Adoption.  Present Article X was adopted (without article number) November 8, 1966, 1965 P.L.1909, J.R.3, and the article number was supplied by proclamation of the Governor of July 7, 1967, P.L.1063.

Prior Provisions.  Former Article X (Education) was repealed and former sections 1 and 2 were transferred to sections 14 and 15, respectively, of Article III (Legislation) by amendment of May 16, 1967, P.L.1037, J.R.3. The subject matter of present Article X was formerly contained in Article XVI which was repealed by amendment of November 8, 1966, 1965 P.L.1909, J.R.3.

§ 1.  Certain unused charters void.

The charters and privileges granted prior to 1874 to private corporations which had not been organized in good faith and commenced business prior to 1874 shall be void.

§ 2.  Certain charters to be subject to the Constitution.

Private corporations which have accepted or accept the Constitution of this Commonwealth or the benefits of any law passed by the General Assembly after 1873 governing the affairs of corporations shall hold their charters subject to the provisions of the Constitution of this Commonwealth.

§ 3.  Revocation, amendment and repeal of charters and

   corporation laws.

All charters of private corporations and all present and future common or statutory law with respect to the formation or regulation of private corporations or prescribing powers, rights, duties or liabilities of private corporations or their officers, directors or shareholders may be revoked, amended or repealed.

§ 4.  Compensation for property taken by corporations under

   right of eminent domain.

Municipal and other corporations invested with the privilege of taking private property for public use shall make just compensation for property taken, injured or destroyed by the construction or enlargement of their works, highways or improvements and compensation shall be paid or secured before the taking, injury or destruction.