summary
Introduced
01/14/2026
01/14/2026
In Committee
01/20/2026
01/20/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Business Corporation Act of 1983. Provides that nothing in the Act shall grant or recognize the power of a corporation to engage in activities related to the nomination or election of candidates for public office or the initiation, submission, or consideration of questions of public policy.
AI Summary
This bill amends the Business Corporation Act of 1983 to clarify that corporations do not have the power to engage in activities related to nominating or electing candidates for public office, or to initiate, submit, or consider questions of public policy. This means that while corporations have many general powers, such as suing and being sued, owning property, and entering into contracts, this bill explicitly excludes political activities and influencing public policy from those granted powers.
Sponsors (1)
Last Action
Referred to Rules Committee (on 01/20/2026)
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