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California Proposition 4, Business Regulation Referendum (1939)
| California Proposition 4 | |
|---|---|
 | |
| Election date November 7, 1939 | |
| Topic Business regulation | |
| Status | |
| Type Referendum | Origin Citizens |
California Proposition 4 was on the ballot as a veto referendum in California on November 7, 1939. It was approved.
A “yes” vote supported regulating the business and licensure of brokers and personal property brokers and regulating loans for $300 or less. |
A “no” vote opposed regulating the business and licensure of brokers and personal property brokers and regulating loans for $300 or less. |
Election results
|
California Proposition 4 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
1,850,811 | 71.63% | ||
| No | 732,873 | 28.37% | ||
Text of measure
Ballot title
The ballot title for Proposition 4 was as follows:
| “ | Personal Property Brokers | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Referendum of Legislative Act. (Chapter 1044, Statutes 1939.) Act amends "Personal Property Brokers Act." Regulates business of brokers and personal property brokers and requires licensing thereof. Regulates loans of three hundred dollars or less, charges thereon, and collateral agreements relating thereto. Exempts specified businesses including those conducted under laws relating to banks, trust companies, building and loan associations, industrial loan companies, credit unions or licensed pawnbrokers. Provides for administration by Corporation Commissioner, authorizing him to issue, suspend and revoke licenses, collect fees, conduct investigations and make regulations. Prescribes penalties for violations. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In California, the number of signatures required for a veto referendum is equal to 5 percent of the votes cast at the preceding gubernatorial election. For veto referendums filed in 1939, at least 132,573 valid signatures were required. Proponents of the veto referendum had 90 days from the date that the bill was signed to collect signatures.
See also
External links
Footnotes
