From Ballotpedia |
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The Illinois Banking Amendment was on the ballot in Illinois on November 8, 1938, as a legislatively referred constitutional amendment. It was defeated. It proposed modifications to the banking rules to reduce the liability of bank stockholders.[1]
| Illinois (1938) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 352,428 | 27.65% | |||
| Yes | 922,237 | 72.35% | ||
Election results via: Illinois Blue Book 1961-1962
Note: Although this measure gathered more "yes" votes, it did not pass because at the time of the vote Illinois required that amendments receive a vote of more than 50 percent of those voting in the election. There were 3,274,814 voters in this election, requiring at least 1,637,408 “yes” votes for the measure to pass.
State of Illinois Springfield (capital) | |
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