Michigan SB1085 amends corporate laws to prohibit corporations from spending money in support of or in opposition to political candidates, parties.
Michigan SB1085 amends the state's business corporation law to explicitly prohibit domestic and foreign corporations from spending money or anything of value in support of or in opposition to political candidates, political parties, or ballot questions. The bill also provides mechanisms for the Attorney General or the Administrator to bring actions for declarations of invalidity, disgorgement, or injunctions against such activities. Violations by domestic corporations can lead to dissolution, while foreign corporations can face revocation of their authority to transact business in the state.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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