Pennsylvania HB2728 amends corporate laws to revoke and regrant general powers for business corporations, limited liability companies, and nonprofit.

Pennsylvania HB2728 amends the state's corporate laws by revoking the general powers previously granted to business corporations, limited liability companies, and nonprofit corporations. It then regrants these powers, excluding any authority to engage in election or ballot question activities. The bill also specifies that any corporation conducting such activities will forfeit its charter privileges and face civil action by the Attorney General. The changes apply to all corporations operating within Pennsylvania, ensuring they adhere to the new restrictions on political activities.

Pennsylvania HB2728 amends corporate laws to revoke and regrant general powers for business corporations, limited liability companies, and nonprofit.

Pennsylvania HB2728 amends the state's corporate laws by revoking the general powers previously granted to business corporations, limited liability companies, and nonprofit corporations. It then regrants these powers, excluding any authority to engage in election or ballot question activities. The bill also specifies that any corporation conducting such activities will forfeit its charter privileges and face civil action by the Attorney General. The changes apply to all corporations operating within Pennsylvania, ensuring they adhere to the new restrictions on political activities.