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California Proposition 14, Corporate Indebtedness Amendment (1926)
| California Proposition 14 | |
|---|---|
 | |
| Election date November 2, 1926 | |
| Topic Business regulation | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 14 was on the ballot as a legislatively referred constitutional amendment in California on November 2, 1926. It was approved.
A “yes” vote supported requiring that any increase in corporate indebtedness be approved by the holders of at least two-thirds of the amount in value of the stock and eliminating the provision requiring a meeting for such purpose after sixty days' public notice. |
A “no” vote opposed requiring that any increase in corporate indebtedness be approved by the holders of at least two-thirds of the amount in value of the stock and eliminating the provision requiring a meeting for such purpose after sixty days' public notice. |
Election results
|
California Proposition 14 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
427,086 | 55.27% | ||
| No | 345,694 | 44.73% | ||
Text of measure
Ballot title
The ballot title for Proposition 14 was as follows:
| “ | Corporations | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Assembly Constitutional Amendment 14. Amends Section 11 of Article XII of Constitution by requiring that any increase of stock or bonded indebtedness of a corporation be assented to by the holders of at least two-thirds of the amount in value of the stock instead of by a majority as now provided, and eliminates the present provision requiring that such increase be made at a meeting called for that purpose after sixty days’ public notice. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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