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A referendum was held in San Marino on 26 October 1997. Voters were asked whether they approved of a proposal that any corporation buying, administering or selling land and property would have to be a public company. It was approved by 88.1% of voters.
Results
Do you want that corporations with the purpose of acquiring, administering or selling real estate have to exercise their economic activities in the form of a public company?
References
Sammarinese referendum, 1997 Wikipedia(Text) CC BY-SA