New York A09233 amends the business corporation law to restrict corporate contributions to election and ballot-issue activities.

New York A09233 amends the business corporation law to restrict corporate contributions to election and ballot-issue activities. It defines "election activity" and "ballot-issue activity" and specifies that these activities are not allowed for corporations unless explicitly permitted. The bill voids any organizational documents that attempt to grant such powers. It also revokes previous power grants and declares any election or ballot-issue activity by a corporation to be void and subject to civil action. The bill establishes procedures for forfeiture of charter privileges and reinstatement.

New York A09233 amends the business corporation law to restrict corporate contributions to election and ballot-issue activities.

New York A09233 amends the business corporation law to restrict corporate contributions to election and ballot-issue activities. It defines "election activity" and "ballot-issue activity" and specifies that these activities are not allowed for corporations unless explicitly permitted. The bill voids any organizational documents that attempt to grant such powers. It also revokes previous power grants and declares any election or ballot-issue activity by a corporation to be void and subject to civil action. The bill establishes procedures for forfeiture of charter privileges and reinstatement.