Minnesota SF4147 revokes all corporate powers and grants new powers with limitations, prohibiting election activity.

Minnesota SF4147 amends corporate laws by revoking all previously granted powers and establishing new powers with specific limitations. The bill prohibits corporations from engaging in election activities, including making campaign expenditures, distributing electioneering communications, or contributing to political parties or candidates. Corporations are allowed to conduct various business activities, such as making contracts, owning property, issuing securities, and providing insurance.

Minnesota SF4147 revokes all corporate powers and grants new powers with limitations, prohibiting election activity.

Minnesota SF4147 amends corporate laws by revoking all previously granted powers and establishing new powers with specific limitations. The bill prohibits corporations from engaging in election activities, including making campaign expenditures, distributing electioneering communications, or contributing to political parties or candidates. Corporations are allowed to conduct various business activities, such as making contracts, owning property, issuing securities, and providing insurance.