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Minnesota Amendment 5, Establishing Single Liability for Corporate Stockholders Measure (1877)
| Minnesota Amendment 5 | |
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| Election date |
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| Topic Banking policy and Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Minnesota Amendment 5 was on the ballot as a legislatively referred constitutional amendment in Minnesota on November 6, 1877. It was defeated.
A "yes" vote supported establishing single liability for stockholders in all corporations except banks. |
A "no" vote opposed establishing single liability for stockholders in all corporations except banks. |
Election results
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Minnesota Amendment 5 |
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| Result | Votes | Percentage | ||
| Yes | 24,415 | 48.41% | ||
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26,020 | 51.59% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 5 was as follows:
| “ | Amendment to section three, article ten of the constitution, relating to corporations—Yes. Amendment to section three, article ten of the constitution, relating to corporations—No. | ” |
Path to the ballot
- See also: Amending the Minnesota Constitution
A simple majority vote is required during one legislative session for the Minnesota State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 68 votes in the Minnesota House of Representatives and 34 votes in the Minnesota State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
Ratifying an amendment requires a 'Yes' vote from a simple majority of all voters casting a ballot in the election, rather than a simple majority of those voting on the question.
See also
External links
Footnotes
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