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Legislative action that proposed this amendment: SJR4 1939 Regular Session
Disposition: This amendment took effect after voter ratification. Read the 1941 Utah Constitution or compare to 1939.
Amends article 12 section 18
12:18
The legislature may provide by law that the stockholders in every corporation and joint stock association organized for banking purposes, or the holders of any one or more of the classes of stock issued by any such corporation in addition to the amount of capital stock subscribed and fully paid by them shall be individually responsible for an additional amount equal to not exceeding the amount of their stock in such corporation, or the amount of their stock of any particular class in such corporation, for all its debts and liabilities of every kind.
