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Legislative action that proposed this amendment: HJR17 1935 Regular Session

Disposition: Voters rejected this proposed amendment.

Amends artice 12 section 18

12:18

The Legislature may provide by law that the stockholders in every corporation 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 not exceeding the amount of their stock is such corporation, or the amount of their stock of any particular class in such corporation, for all its debts and liabilities of every kind.