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HI SB2829
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Karl Rhoads
Click for details
AI Summary
- Prohibits corporations, limited liability companies, and other artificial entities from engaging in "election activity" (supporting or opposing candidates, parties, or political committees) or "ballot-issue activity" (spending to influence ballot measures after they are submitted to voters)
- Revokes all previously granted corporate powers and re-grants only specifically enumerated powers that explicitly exclude political spending, declaring any such spending ultra vires and void
- Imposes automatic forfeiture of all charter privileges—including limited liability and perpetual duration—for any entity that engages in prohibited election or ballot-issue activity
- Exempts noncandidate committees (PACs) organized solely for political purposes under section 11-302 or federal law, which may engage in election activity while claiming only limited liability
- Protects existing contracts and legal obligations entered into before January 1, 2027, but prohibits any election or ballot-issue activity after that date regardless of prior arrangements
Legislative Description
Relating To The Powers Of Artificial Persons.
Corporations
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
2/20/2026
Committee Referrals
Judiciary2/20/2026
Commerce and Consumer Protection1/30/2026
Full Bill Text
No bill text available