Regulates artificial persons' contributions to election and ballot-issue activities; limits corporate powers.
The bill amends the business corporation law to regulate artificial persons' contributions to election and ballot-issue activities. It defines "artificial person" as entities with limited liability under New York state law, including corporations and foreign entities. The bill restricts artificial persons from engaging in election activity or ballot-issue activity, except for political committees registered under state or federal law. It voids any organizational documents granting such powers and subjects violators to civil actions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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