Washington SJR 8, Stockholder Liability Relief Amendment (1940)
| Washington SJR 8 | |
|---|---|
| |
| Election date | |
| Topic Business regulations | |
| Status
| |
| Type Legislatively referred constitutional amendment | Origin |
Washington SJR 8 was on theballot as alegislatively referred constitutional amendment inWashington onNovember 5, 1940. It wasapproved.
A“yes” votesupportedauthorizing 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” voteopposedauthorizing 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
Washington SJR 8 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 255,047 | 57.45% | ||
| No | 188,929 | 42.55% | ||
- Results are officially certified.
- Source
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 availablehere.
Path to the ballot
- See also:Amending the Washington Constitution
Atwo-thirds vote was needed in each chamber of theWashington State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
 | State ofWashington Olympia (capital) |
|---|---|
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- Washington 1940 ballot measures
- State ballots, 1940
- State Ballot Measure, November 5, 1940
- Approved, 1940
- Approved, November 5, 1940
- Washington 1940 ballot measures, certified
- Business regulations, Washington
- Business regulations, 1940
- Certified, business regulations, 1940
- Referred amendment certified for the 1940 ballot
- Pages using DynamicPageList3 parser function
