Oregon Repeal of Double Liability on Bank Stockholders, Measure 2 (1938)
The Oregon Repeal of Double Liability on Bank Stockholders Amendment, also known as Measure 2, was on the November 8, 1938 ballot in Oregon as a legislatively-referred constitutional amendment, where it was defeated. The measure would have repealed the bank stockholders double liability, which made each stockholder individually liable to depositors.
|Oregon Measure 2 (1938)|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
Referred to the People by the Legislative Assembly
AMENDMENT REPEALING THE DOUBLE LIABILITY OF STOCKHOLDERS IN BANKING CORPORATIONS - Purpose: To repeal the provision in the state constitution commonly spoken of as the bank stockholders double liability, which makes each stockholder in a banking corporation individually liable to the depositors in such bank to the amount of the par or face value of his or her stock in such bank in addition to payment for such stock at par. Such repeal will result from the omission of such provisions from the section in its proposed amended form.
302. Yes. I vote for the proposed amendment.
303. No. I vote against the proposed amendment.
- Oregon 1938 ballot measures
- 1938 ballot measures
- List of Oregon ballot measures
- History of Initiative & Referendum in Oregon
- Oregon Blue Book Initiative, Referendum and Recall: 1938-1947
- Oregon State Constitution
- State of Oregon Official Voters' Pamphlet 1938
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