MO HB2608

Missouri and foreign corporations doing business in the state must include bylaws procedures for assessing majority stockholder will regarding political contributions and expenditures

Stockholders must be notified of and have the opportunity to vote on any proposed corporate political contribution or expenditure for procedures to be deemed adequate

Corporate boards of directors may still authorize contributions by resolution or designate an officer to make such contributions

Labor organizations, cooperative associations, and mutual associations must continue to authorize contributions by majority vote of members present at a duly called meeting

Amends Section 130.029, RSMo, adding stockholder consent requirements as a new condition for corporate political spending