Ohio Single Liability Amendment (1903)

From Ballotpedia
Jump to: navigation, search
Voting on Banking
Ballot Measures
By state
By year
Not on ballot
Ohio Constitution
Seal of Ohio.svg.png

The Ohio Single Liability Amendment, also known as Issue 3, was on the November 3, 1903 ballot in Ohio as a legislatively-referred constitutional amendment, where it was approved. This amendment modifies the Ohio Constitution to provide that stockholders are not individual liable for money owed by a corporation.[1]

Election results

Ohio Amendment 3 (1903)
Approveda Yes 751,783 96.24%

Note: A majority of the total 877,203 votes in the entire election (438,602 votes) were needed for the measure to be approved

Election results via: Ohio Secretary of State (1910) (p. 156 & 461)

Text of measure

The language that appeared on the ballot:

Single Liability Amendment[1][2][3]

Constitutional changes


Sec. 3. Dues from private corporations shall be secured by such means as may be prescribed by law, but in no case shall any stockholder be individually liable otherwise than for the unpaid stock owned by him or her;[1]

Path to the ballot

See also

Suggest a link

External links


  1. 1.0 1.1 1.2 1.3 Lewis C. Laylin, "Annual Report of the Secretary of the State" (Ohio, 1903)
  2. Youngstown Vindicator, "Sample Ballot," November 2, 1903)
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.