Bill > SB2829

This bill, effective January 1, 2027, prohibits any state-chartered corporation, limited liability company, limited partnership, limited liability partnership, cooperative, nonprofit, or other association from making expenditures or contributions in connection with elections or ballot measures, defining such actions as "election activity" or "ballot-issue activity" respectively. These activities are explicitly excluded from the general powers granted to these entities, and any provision in their organizational documents attempting to grant such powers is void. If an entity engages in these prohibited activities, it is considered "ultra vires" (beyond its legal power) and void, leading to the administrative forfeiture of its "charter privileges," which are benefits granted by the state such as limited liability and perpetual duration, until the entity is reinstated. The bill clarifies that this does not affect the rights of individuals to speak or associate, but rather defines the specific powers granted to artificial legal entities by the state.

Business and Industry, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2829&year=2026