Michigan SB1086 amends the nonprofit corporation act to prohibit nonprofit corporations from spending money in elections or on ballot issues.

Michigan SB1086 amends the nonprofit corporation act to prohibit nonprofit corporations from spending money in support of or in opposition to a candidate, political party, political committee, or ballot question. The performance of such an act by a domestic corporation is invalid and subject to disgorgement. The bill also allows the attorney general to bring an action for dissolution of a corporation on various grounds, including repeatedly exceeding the authority conferred by law. The provisions of this bill are contingent upon the enactment of SB 1085 and SB 1087.

Michigan SB1086 amends the nonprofit corporation act to prohibit nonprofit corporations from spending money in elections or on ballot issues.

Michigan SB1086 amends the nonprofit corporation act to prohibit nonprofit corporations from spending money in support of or in opposition to a candidate, political party, political committee, or ballot question. The performance of such an act by a domestic corporation is invalid and subject to disgorgement. The bill also allows the attorney general to bring an action for dissolution of a corporation on various grounds, including repeatedly exceeding the authority conferred by law. The provisions of this bill are contingent upon the enactment of SB 1085 and SB 1087.