New York A02463 requires shareholders to approve corporate political expenditures.

New York A02463 amends the business corporation law to require shareholders to approve corporate political expenditures. Corporations cannot use money or property for political expenditures unless shareholders approve the total amount in advance and direct how the funds can be used. Shareholders must consider political expenditures at annual or special meetings. Corporations must notify shareholders and post notices on their websites within 48 hours of making a political expenditure. The annual report must list all political expenditures, including details.

New York A02463 requires shareholders to approve corporate political expenditures.

New York A02463 amends the business corporation law to require shareholders to approve corporate political expenditures. Corporations cannot use money or property for political expenditures unless shareholders approve the total amount in advance and direct how the funds can be used. Shareholders must consider political expenditures at annual or special meetings. Corporations must notify shareholders and post notices on their websites within 48 hours of making a political expenditure. The annual report must list all political expenditures, including details.