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MN SF2115

Bill

Official Source

Status

Introduced

2/27/2012

Primary Sponsor

Ronald Latz

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Amends Minnesota Statutes section 302A.165 to add an exception for corporate independent political expenditures
  • Establishes that business corporations organized under Minnesota law do not have the power to make corporate independent political expenditures
  • Creates new section 302A.167 to codify the prohibition on independent political expenditures by corporations
  • Allows the prohibition to be enforced through shareholder proceedings, corporate proceedings against officers or directors, or attorney general action as provided in existing statute

Legislative Description

Business corporations power to make corporate independent political expenditures prohibition

Last Action

Referred to Judiciary and Public Safety

2/27/2012

Committee Referrals

Judiciary and Public Safety2/27/2012

Full Bill Text

No bill text available