Section 4. General banking law

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General banking law

The legislature may enact a general banking law for the creation of banks, and for the regulation and supervision of the banking business.

Summary: Obsolete corporate and banking provisions (together with amendment to Art. XI Section 1, above).

Election Date: April 7, 1981

Votes For Ratification: 418997

Votes Against Ratification: 186898

Percent for Ratification: 69%

Percent Against Ratification: 31%

Notes:

Amendment Source: 1981 JR 9

Effective Date Source: Wisconsin, State Elections Board, state canvasses, 1970-1998, 2000-2012, Box 3

General banking law

The legislature shall have power to enact a general banking law for the creation of banks, and for the regulation and supervision of the banking business, provided that the vote of two-thirds of all the members elected to each house, to be taken by the yeas and nays, be in favor of the passing of such law.

This item is based on 2 items:

1848 — Article XI. Section 4

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1848 — Article XI. Section 5

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Summary: NEW SECTION: General banking law, replacing Article XI Sections 4 and 5.

Election Date: November 4, 1902

Votes For Ratification: 64836

Votes Against Ratification: 44620

Percent for Ratification: 59%

Percent Against Ratification: 41%

Notes: Volume 5 of the Wisconsin Board of State Canvassers Election Return Statements is missing at the Wisconsin Historical Society Archive; however, our review of effective dates for other amendments reveals that certification generally took place no later than the end of the month following the election.

Amendment Source: 1901 JR 2

Effective Date Source: WI Bd. State Canvassers, 1848-1978, Vol. 5, 510-11; 486-89

General banking law

The legislature shall not have power to create, authorize, or incorporate, by any general or special law, any bank or banking power or privilege, or any institution or corporation having any banking power or privilege whatever, except as provided in this article.

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