Michigan SB1086 amends the nonprofit corporation act to prohibit nonprofit corporations from spending money in support of or in opposition to.
Michigan SB1086 amends the nonprofit corporation act to explicitly prohibit nonprofit corporations from spending money or contributing anything of value in support of, or in opposition to, a candidate, political party, political committee, or ballot question. The bill specifies that any such actions by a domestic corporation are invalid and subject to disgorgement, while actions by a foreign corporation are invalid, subject to disgorgement, and can lead to the revocation of the corporation's authority to transact business in Michigan.
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