A state's police power may create any kind of corporation for any purpose.

Name: A state's police power may create any kind of corporation for any purpose.
Brand: Quizplus
Rating: 5.0 (49 reviews)

Question

Quizplus · Accepted Answer

The police power of a state is the inherent authority of the state to regulate the health, safety, morals, and general welfare of its citizens. This power includes the authority to create corporations for any purpose that is not prohibited by the state constitution or federal law.

A State's Police Power May Create Any Kind of Corporation