The legislature of every state has the power to repeal the charter of any private corporation created under the laws of that state, except so far as restricted under the decision in the Dartmouth College case.3 Congress may repeal the charter of a national corporation but cannot dissolve a state corporation.4 A corporation may be dissolved by the proclamation of a state executive pursuant to the act of the state legislature.5

1 1 Black. Com., 485.

2 American & Eng. Ency. of Law, Vol. IX, p. 546.

The consolidation of two or more corporations may work a dissolution of the original corporations.6