Utah Amendment 1, Permit the Legislature to Determine Banking Liability Levels Measure (1940)

Utah Amendment 1
Election date November 5, 1940
Topic Banking policy and State legislative authority
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Utah Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Utah on November 5, 1940. It was approved.

A "yes" vote supported amending the constitution to permit the legislature to determine the liability requirements for stockholders of banking institutions.

A "no" vote opposed amending the constitution to permit the legislature to determine the liability requirements for stockholders of banking institutions.

Election results

Utah Amendment 1
Result		Votes	Percentage
Yes		81,679	87.22%
No		11,973	12.78%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Amendment 1 was as follows:

“

A joint resolution proposing to amend Section 18, Article XII of the Constitution of the State of Utah, relating to liabilities of stockholders of banks.

”

Full Text

The full text of this measure is available here.

Path to the ballot

See also: Amending the Utah Constitution

A two-thirds majority vote in both the legislative chambers vote is required during one legislative session for the Utah State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 50 votes in the Utah House of Representatives and 20 votes in the Utah State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also

1940 Measures

• 1940 Measures
• State legislative authority on the ballot
• Banking policy on the ballot
• 1940 legislative sessions

Utah

• Utah ballot measures
• Utah ballot measure laws

News and analysis

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