Assembly Constitutional Amendment 14. Amends Section 11 of Article XII of Constitution by requiring that any increase of stock or bonded indebtedness of a corporation be assented to by the holders of at least two-thirds of the amount in value of the stock instead of by a majority as now provided, and eliminates the present provision requiring that such increase be made at a meeting called for that purpose after sixty days’ public notice.
Popular Vote Results
Y: 427086; A: 55.3; N: 345694; B: 44.7
Assembly Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XII, section 11.
Albert A. Rosenshine, Assemblyman, Thirty-first District; Frank C. Weller, Assemblyman, Sixty-first District
Roscoe J. Anderson, Assemblyman, Third District
CORPORATIONS California Proposition 14 (1926).