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HJR 57, 73rd Regular Session
Proposing a constitutional amendment repealing the constitutional provision limiting the consideration for which stock and bonds of a corporation may be issued.

Proposition Prop. 7 - The constitutional amendment repealing certain restrictions on the ability of corporations to raise capital.

Outcome: Adopted

Election date: 11/02/1993

Votes for: 558,487
Votes against: 497,299

Enabling legislation No enabling legislation required.

Articles affected Article 12 : Repeals §6   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 2, 1993 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 2, 1993 election.

Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.

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