Ohio Stockholder Liability and Inspections of Private Banks Amendment (September 1912)

Ohio Stockholder Liability and Inspections of Private Banks Amendment
Election date September 3, 1912
Topic Banking policy and Business regulations
Status Approved
Type Constitutional convention referral	Origin Constitutional convention

Ohio Stockholder Liability and Inspections of Private Banks Amendment was on the ballot as a constitutional convention referral in Ohio on September 3, 1912. It was approved.

A “yes” vote supported applying single liability to the stocks of all Ohio corporations except those authorized to receive deposits, which would remain subject to double liability, and requiring businesses using the terms bank, banker, or banking to submit to inspection, examination, and regulation.

A “no” vote opposed applying single liability to the stocks of all Ohio corporations except those authorized to receive deposits, which would remain subject to double liability, and requiring businesses using the terms bank, banker, or banking to submit to inspection, examination, and regulation.

Election results

Ohio Stockholder Liability and Inspections of Private Banks Amendment
Result		Votes	Percentage
Yes		377,272	70.66%
No		156,688	29.34%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Stockholder Liability and Inspections of Private Banks Amendment was as follows:

“

ARTICLE XIII, SECTION 3. Double Liability of Bank Stockholders and Inspection of Private Banks.

”

Path to the ballot

See also: State constitutional conventions

A state constitutional convention referred the measure to the ballot.

See also

1912 Measures

• 1912 Measures
• Business regulations on the ballot
• Banking policy on the ballot
• 1912 legislative sessions

Ohio

• Ohio ballot measures
• Ohio ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Ohio Supreme Court, "Constitutional Convention of Ohio"