Note: Ballotpedia will be read-only from 9pm CST on February 25-March 5 while Judgepedia is merged into Ballotpedia.
For status updates, visit lucyburns.org.
Ballotpedia's coverage of elections held on March 3, 2015, was limited. Select races were covered live, and all results will be added once the merger is complete.

North Dakota Legal Rates of Interest Initiative (1938)

From Ballotpedia
Jump to: navigation, search
Voting on
Business Regulation
Business regulation.jpg
Ballot Measures
By state
By year
Not on ballot
North Dakota
LawsHistory
List of measures

The North Dakota Legal Rates of Interests Initiative was on the June 28, 1938 ballot in North Dakota as an initiated state statute, where it was approved.[1] The measure reduced the legal rates of interest to three percent on indebtedness instead of four percent on borrowing and seven percent on contracts.[2]

Election results

North Dakota Legal Interest Rates Initiative (1938)
ResultVotesPercentage
Approveda Yes 458,081 79.08%
No121,20620.92%

Election results via: Legislative Manual, Official Vote of North Dakota Primary Election, 1938

Text of measure

Summary

The measure reduced the legal rates of interest to three percent on indebtedness instead of four percent on borrowing and seven percent on contracts.[2]

See also

BP-Initials-UPDATED.png
Suggest a link

External links

References


BallotMeasureFinal badge.png
This historical ballot measure article requires that the text of the measure be added to the page.