Washington Blue Sky Law, Initiative 6 (1914)

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The Washington Blue Sky Law Initiative, also known as Initiative 6, was on the November 3, 1914 ballot in Washington as an Initiative to the People, where it was defeated. The measure would have empowered the public service commission to regulate businesses to prevent fraud in the dealings of securities, including land, stocks and bonds.[1]

Initiative 6 is a "blue sky law," which are laws designed to prevent fraud in the sale of securities to investors and others.[2]

Election results

Washington Initiative 6 (1914)
ResultVotesPercentage
Defeatedd No147,29850.91%
Yes 142,017 49.09%

Election results via: Washington Secretary of State

Text of measure

The language appeared on the ballot as:[1]

An act relating to corporations, copartnerships, associations and persons engaged in the business of dealing in lands, stocks, bonds and other securitites, to prevent fraud and imposition in the sale of the same, and tranferring to the public service commission all authority vested in the secretary of state in respect to corporations.[3]

Path to the ballot

Initiative 6 was filed on January 30, 1914. Signatures were submitted to qualify it for the ballot. The measure was placed on the ballot as provided for by the state constitution.[4]

See also

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External links

References