Title

CORPORATIONS

Proposition Summary

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.

Proposition Number

14

Year

1926

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 427086; A: 55.3; N: 345694; B: 44.7

Election Type

General Election

Proposition Type

Assembly Constitutional Amendment

Code Sections Affected

Amended Cal. Const. art. XII, section 11.

For Author

Albert A. Rosenshine, Assemblyman, Thirty-first District; Frank C. Weller, Assemblyman, Sixty-first District

Against Author

Roscoe J. Anderson, Assemblyman, Third District

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