summary
Introduced
01/22/2026
01/22/2026
In Committee
05/01/2026
05/01/2026
Crossed Over
03/10/2026
03/10/2026
Passed
05/14/2026
05/14/2026
Dead
Signed/Enacted/Adopted
05/14/2026
05/14/2026
Introduced Session
2026 Regular Session
Bill Summary
Reaffirms that artificial persons created under state law possess only those powers that are necessary or convenient to carry out lawful purposes, and that those powers do not include the power to spend money or contribute anything of value to influence elections or ballot measures. Authorizes the Attorney General and the Director of Commerce and Consumer Affairs to impose certain penalties for violations. Effective 7/1/2027. (CD2)
AI Summary
This bill, effective July 1, 2027, reaffirms that artificial persons, such as corporations and limited liability companies, are granted powers by the state and do not possess inherent rights; it explicitly limits their powers by prohibiting them from spending money or contributing anything of value to influence elections or ballot measures, defining "election activity" and "ballot-issue activity" to clarify these restrictions, and establishing penalties for violations, which can include suspension of operations, prohibition from state contracts, revocation of tax-exempt status, or even involuntary dissolution.
Committee Categories
Business and Industry, Justice
Sponsors (4)
Last Action
Act 011, on 05/14/2026 (Gov. Msg. No. 1111). (on 05/14/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Corporate Management
Civil Rights, Minority Issues, and Civil Liberties
- ‐ Campaign Finance and Political Spending
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