North Dakota Repeal Depositor's Guaranty Fund Referendum (1930)

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The North Dakota Repeal Depositor's Guaranty Fund Referendum was on the June 25, 1930 ballot in North Dakota as a legislatively-referred state statute, where it was approved.[1] The measure repealed the Depositor's Guaranty Fund. Its purpose had been to encourage savings by insuring bank deposits and to entice out-of-state investors to deposit funds in North Dakota banks.[2]

Election results

North Dakota Referendum (1930)
ResultVotesPercentage
Approveda Yes 94,124 62.76%
No55,85337.24%

Election results via: Legislative Manual, Official vote of North Dakota Primary Election, 1930

Text of measure

The measure repealed the Depositor's Guaranty Fund. Its purpose had been to encourage savings by insuring bank deposits and to entice out-of-state investors to deposit funds in North Dakota banks.[2]

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