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Texas Proposition 7, Restrictions on Corporation Capital Amendment (1993)
| Texas Proposition 7 | |
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| Election date |
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| Topic Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 7 was on the ballot as a legislatively referred constitutional amendment in Texas on November 2, 1993. It was approved.
A "yes" vote supported repealing limitations on the purposes for which a corporation can issue stocks and bonds, enhancing their ability to raise capital. |
A "no" vote opposed repealing limitations on the purposes for which a corporation can issue stocks and bonds, enhancing their ability to raise capital. |
Election results
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Texas Proposition 7 |
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| Result | Votes | Percentage | ||
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558,487 | 52.90% | ||
| No | 497,299 | 47.10% | ||
Text of measure
Ballot title
The ballot title for Proposition 7 was as follows:
| “ | Proposing a constitutional amendment repealing the constitutional provision limiting the consideration for which stock and bonds of a corporation may be issued. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as House Joint Resolution 57 during the 73rd regular legislative session in 1993.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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