Michigan SB1087 prohibits limited liability companies from spending money in state elections or ballot issues.
Michigan SB1087 amends the Michigan Limited Liability Company Act to prohibit both domestic and foreign limited liability companies from spending money or anything of value in support of or in opposition to a candidate, political party, political committee, or ballot question. Domestic companies face dissolution, while foreign companies face revocation of their authority to transact business in Michigan. Exceptions include certain pre-existing contracts, bona fide news stories, and specific business activities.
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