Iowa, USA, regional Obligatory referendum [LOR] - Election to approve authorizing or creating corporations or associations with banking powers or amendments

General Typology

Instrument
Obligatory referendum [LOR]
Location
Iowa, USA
Political level
regional
Local Name:
Election to approve authorizing or creating corporations or associations with banking powers or amendments
Normative Level:
constitutional
Legally Binding:
yes
Legally Defined:

ARTICLE VIII. CORPORATIONS.

Banking associations. SEC. 5. No act of the general assembly, endmen, nor amendments thereto shall take effect, or in any manner be in force, until the same shall have been submitted, separately, to the people, at a general or special election, as provided by law, to be held not less than three months after the passage of the act, and shall have been approved by a majority of all the electors voting for and against it at such election.

References: Constitution of Iowa, 1857 (retrieved 13 June 2017)

Subject Matter:

To approve law or amendment on banking associations

Actors

Author:
Legislature
Initiator:
Law
Decision maker:
Electorate

Requirements

Available Time:
Turnout Quorum:
None
Approval Quorum:
Majority of electors
Geographical Quorum:
None
Excluded Issues:
Other Formal Requirements:

Procedural Elements

Wording Of Ballot Question:
Interaction With Authorities:
Supervision And Support:
Transparency And Finance:

Practice

Archive:
Remarks: