Nebraska Amendment 1, Stockholder Liability Amendment (1930)
| Nebraska Amendment 1 | |
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| Election date |
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| Topic Banking policy and Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 4, 1930. It was approved.
A "yes" vote supported providing that stockholders are personally liable in the event of banking institution failure, with immediate collection of the liability. |
A "no" vote opposed providing that stockholders are personally liable in the event of banking institution failure, with immediate collection of the liability. |
Election results
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Nebraska Amendment 1 |
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| Result | Votes | Percentage | ||
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182,536 | 66.35% | ||
| No | 92,593 | 33.65% | ||
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | "FOR amendment to the Constitution fixing individual liability of stockholders in banking corporations or banking institutions, and providing for the immediate collection of such liability upon the failure of such banking corporations or banking institutions," and "AGAINST amendment to the Constitution fixing individual liability of stockholders in banking corporations or banking institutions and providing for the immediate collection of such liability upon the failure of such banking corporations or banking institutions." | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nebraska Constitution
A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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