NY A09233

Prohibits "artificial persons" (corporations, LLCs, nonprofits, partnerships, trusts, and foreign entities doing business in NY) from engaging in election activity or ballot-issue activity, defined as spending money to support or oppose candidates, parties, political committees, or ballot initiatives

Exempts registered political committees under state or federal law, which may engage in election and ballot-issue activities provided they exist solely for that purpose and claim only limited liability protection

Declares that corporate existence is a conditional privilege granted by the state, not a right, and revokes all previously granted powers to artificial persons, re-granting only powers necessary for lawful business or charitable purposes excluding political spending

Establishes that any election or ballot-issue activity by non-exempt artificial persons is ultra vires (beyond their legal authority) and void, resulting in automatic forfeiture of all charter privileges including limited liability, perpetual duration, and tax benefits

Authorizes civil enforcement actions by shareholders, members, or the attorney general seeking injunctive relief and disgorgement, with reinstatement procedures to be established within one year of the law's effective date