Missouri Amendment 2, Corporate Finance Measure (March 1988)
| Missouri Amendment 2 | |
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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 |
Missouri Amendment 2 was on the ballot as a legislatively referred constitutional amendment in Missouri on March 8, 1988. It was defeated.
A "yes" vote supported amending the Missouri State Constitution to authorize corporations to hold investment real estate, eliminate mandatory cumulative voting, and hold corporate indebtedness to general law standards. |
A "no" vote opposed amending the Missouri State Constitution to authorize corporations to hold investment real estate, eliminate mandatory cumulative voting, and hold corporate indebtedness to general law standards. |
Election results
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Missouri Amendment 2 |
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| Result | Votes | Percentage | ||
| Yes | 402,157 | 49.93% | ||
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403,309 | 50.07% | ||
Text of measure
Ballot title
The ballot title for Amendment 2 was as follows:
| “ | Constitutional Amendment No. 2 Submitted by the 84th General Assembly (First Regular Session) Corporations authorized to hold investment real estate; mandatory cumulative voting eliminated; corporate indebtedness to be made only pursuant to general law. The proposal will have no cost. | ” |
Path to the ballot
- See also: Amending the Missouri Constitution
A simple majority vote is required during one legislative session for the Missouri General Assembly to place a constitutional amendment on the ballot. That amounts to a minimum of 82 votes in the Missouri House of Representatives and 18 votes in the Missouri 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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State of Missouri Jefferson City (capital) |
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