Title

CORPORATIONS

Proposition Summary

Senate Constitutional Amendment 24. Amends Sections 1 and 7, and repeals Sections 2, 3, 9, 11, 12 and 14 of Article XII of Constitution. Empowers Legislature by general laws to provide for formation, organization and regulation of corporations, prescribe their powers, rights, duties and liabilities, and those of their' officers, stockholders and members, and provide for extension of term of existence of all corporations formed for limited period, but shall not extend franchise of any quasi-public corporation nor remit forfeiture thereof. Declares present laws concerning corporations and those hereafter passed pursuant hereto may be altered or repealed.

Proposition Number

16

Year

1930

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 530432; A: 59.5; N: 360968; B: 40.5

Election Type

General Election

Proposition Type

Senate Constitutional Amendment

Code Sections Affected

Amended Cal. Const. art. XII, sections 1 and 7. Repealed Cal. Const. art. XII, sections 2, 3, 9, 11, 12 and 14.

For Author

J. M. Inman, State Senator, Seventh District

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