Bill > SB2471

This bill, effective January 1, 2027, reaffirms that artificial persons, such as corporations and other entities created by the state, only possess powers that are necessary or convenient for lawful business or charitable purposes, explicitly excluding the power to spend money or contribute to influence elections or ballot measures. It revokes all previously granted corporate and entity powers and reissues only those deemed essential by the state, clarifying that the powers granted to these artificial entities are distinct from the rights of natural persons and do not affect individual rights to speech or association. The bill defines key terms like "election activity" and "ballot-issue activity" to specifically prohibit entities from engaging in political spending, with violations leading to the forfeiture of "charter privileges," which are benefits granted by the state like limited liability and perpetual existence.

Business and Industry, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2471&year=2026