Minnesota Liability of Stockholders, Amendment 3 (1926)
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The Minnesota Liability of Stockholders Amendment, also known as Amendment 3, was on the November 2, 1926 ballot in Minnesota as a legislatively referred constitutional amendment, where it was defeated. The measure would have authorized the legislature to limit the liability of stockholders in corporations.[1]
Election results
| Minnesota Amendment 3 (1926) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 140,422 | 30.28% | ||
| Yes | 323,322 | 69.72% | ||
Although the measure gathered more "yes" votes than "no" votes, Minnesota requires that the majority of all voters vote "yes" in order to pass an amendment. In 1926, there were 722,781 total voters, requiring a vote of at least 361,391 to pass a measure.
Election results via: Minnesota Legislative Reference Library
Text of measure
The text of the measure can be read here.
Similar measures
- Minnesota Exempt Railroad Stock, Amendment 1 (1870)
- Minnesota Single Liability for Corporations, Amendment 4 (1875)
- Minnesota Single Liability for Corporations, Amendment 2 (1876)
- Minnesota Liability of Stockholders, Amendment 2 (1928)
- Minnesota Liability of Stockholders, Amendment 3 (1930)
- Minnesota Limit Liability for State Banks, Amendment 4 (1954)
See also
- Minnesota 1926 ballot measures
- 1926 ballot measures
- List of Minnesota ballot measures
- History of direct democracy in Minnesota
External links
Footnotes
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