California Proposition 16, Creation of Corporations Amendment (1930)
| California Proposition 16 | |
|---|---|
 | |
| Election date November 4, 1930 | |
| Topic Business regulation | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 16 was on the ballot as a legislatively referred constitutional amendment in California on November 4, 1930. It was approved.
A “yes” vote supported allowing the legislature to create laws regarding the creation of corporations. |
A “no” vote opposed allowing the legislature to create laws regarding the creation of corporations. |
Election results
|
California Proposition 16 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
530,432 | 59.51% | ||
| No | 360,968 | 40.49% | ||
Text of measure
Ballot title
The ballot title for Proposition 16 was as follows:
| “ | Corporations | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Senate Constitutional Amendment 24. Amends Sections 1 and 7, and repeals Sections 2, 3, 9, 11, 12 and 14 of Article XII of Constitution. Empowers Legislature by general laws to provide for formation, organization and regulation of corporations, prescribe their powers, rights, duties and liabilities, and those of their' officers, stockholders and members, and provide for extension of term of existence of all corporations formed for limited period, but shall not extend franchise of any quasi-public corporation nor remit forfeiture thereof. Declares present laws concerning corporations and those hereafter passed pursuant hereto may be altered or repealed. | ” |
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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