Michigan Duration of Corporations Amendment (April 1889)
| Michigan Duration of Corporations Amendment | |
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| Election date |
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| Topic Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Michigan Duration of Corporations Amendment was on the ballot as a legislatively referred constitutional amendment in Michigan on April 1, 1889. It was defeated.
A “yes” vote supported revising provisions relating to the duration of corporations. |
A “no” vote opposed revising provisions relating to the duration of corporations. |
The constitutional amendment required a simple majority of all votes cast in the election, not just votes cast on the question.
Election results
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Michigan Duration of Corporations Amendment |
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| Result | Votes | Percentage | ||
| Yes | 35,269 | 54.92% | ||
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28,950 | 45.08% | ||
Text of measure
Ballot title
The ballot title for Duration of Corporations Amendment was as follows:
| “ | Also an amendment to Section 10 of Article 15, relative to the duration of corporations, as provided for by Joint Resolution No. 3, Laws of 1889. Section 10. No corporation except for municipal purposes or for the construction of railroads, plank roads and canals shall be created for a longer time than thirty years; but the Legislature may provide by general laws applicable to any corporations, for one or more extensions of the term of such corporations while such term is running, not exceeding thirty years for each extension, on the consent of not less than a two-thirds majority of the capital of the corporation; and by like general laws for the corporate re-organization for a further period not exceeding thirty years, of such corporations whose terms have expired by limitation, on the consent of not less than four-fifths of the capital, Provided, That in cases of corporations where there is no capital stock, the Legislature may provide the manner in which such corporation may be re-organized. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Michigan Constitution
A two-thirds vote is required during one legislative session for the Michigan State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 74 votes in the Michigan House of Representatives and 26 votes in the Michigan State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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