South Dakota State Banking Board (1916)
| South Dakota State Banking Board Initiative | |
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| Election date |
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| Topic Administrative organization and Banking policy |
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| Status |
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| Type Indirect initiated state statute |
Origin |
South Dakota State Banking Board Initiative was on the ballot as an indirect initiated state statute in South Dakota on November 7, 1916. It was defeated.
A "yes" vote supported creating a state banking board. |
A "no" vote opposed creating a state banking board. |
Election results
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South Dakota State Banking Board Initiative |
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| Result | Votes | Percentage | ||
| Yes | 47,925 | 48.83% | ||
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50,226 | 51.17% | ||
Text of measure
Ballot title
The ballot title for State Banking Board Initiative was as follows:
| “ | RELATING TO BANKING AND FINANCE. A BILL For An Act Entitled An Act, Enacting and Submitting to a Vote of the Electors of the State a Proposed Law, Entitled An Act Creating a State Banking Board and Defining the Powers and Duties; Creating a Bank Depositors Guaranty Fund; Authorizing the Levy of Assessments against Bank Stock, Providing for the liquidation of Insolvent Banks; Admitting National Banks, Prescribing Penalties for Recreant Officials; Authorizing Rewards for Criminals. | ” |
Path to the ballot
- See also: Indirect initiated state statute
From 1898 to 1988, initiated statutes were indirect in South Dakota. Voters made the process direct with approval of Amendment A in 1988.
An indirect initiated state statute is a citizen-initiated ballot measure that amends state statute. There are nine (9) states that allow citizens to initiate indirect state statutes.
While a direct initiative is placed on the ballot once supporters file the required number of valid signatures, an indirect initiative is first presented to the state legislature. Legislators have a certain number of days, depending on the state, to adopt the initiative into law. Should legislators take no action or reject the initiative, the initiative is put on the ballot for voters to decide.
See also
External links
Footnotes
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State of South Dakota Pierre (capital) |
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