Washington SJR 8, Stockholder Liability Relief Amendment (1940)
| Washington SJR 8 | |
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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 |
Washington SJR 8 was on the ballot as a legislatively referred constitutional amendment in Washington on November 5, 1940. It was approved.
A “yes” vote supported authorizing the legislature to grant relief from personal liability for stockholders of bank organized under Washington laws to the same extent as stockholders of national banks. |
A “no” vote opposed authorizing the legislature to grant relief from personal liability for stockholders of bank organized under Washington laws to the same extent as stockholders of national banks. |
Election results
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Washington SJR 8 |
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| Result | Votes | Percentage | ||
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255,047 | 57.45% | ||
| No | 188,929 | 42.55% | ||
Text of measure
Ballot title
The ballot title for SJR 8 was as follows:
| “ | A resolution amending Section 11, Article XII of State Constitution authorizing legislature to provide that stockholders of banks organized under laws of this state which shall provide and furnish, through membership in Federal Deposit Insurance Corporation or any other instrumentality of the United States Government, insurance or security for payment of debts equivalent to requirements furnished by national banks be relieved from personal liability to the same extent as stockholders in national banks, under federal law. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Washington Constitution
A two-thirds vote was needed in each chamber of the Washington State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of Washington Olympia (capital) |
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