New York Amendment 3, Bank Stockholder Liability Amendment (1935)
| New York Amendment 3 | |
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| Election date |
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| Topic Banking policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
New York Amendment 3 was on the ballot as a legislatively referred constitutional amendment in New York on November 5, 1935. It was approved.
A "yes" vote supported repealing section seven of article eight of the constitution which provided that stockholders of corporations and joint-stock association shall be individually responsible for their shares and stocks for banking purposes. |
A "no" vote opposed repealing section seven of article eight of the constitution which provided that stockholders of corporations and joint-stock association shall be individually responsible for their shares and stocks for banking purposes. |
Election results
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New York Amendment 3 |
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| Result | Votes | Percentage | ||
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1,086,701 | 66.87% | ||
| No | 538,442 | 33.13% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 3 was as follows:
| “ | Shall the proposed amendment to the constitution by repealing section seven of article eight thereof, relating to the liability of stockholders of banks, be approved? | ” |
Path to the ballot
- See also: Amending the New York Constitution
A simple majority vote is required during two successive legislative sessions for the New York State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 126 votes in the New York State Assembly and 32 votes in the New York 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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