SB 2829: CORPORATIONS; NONPROFIT CORPORATIONS; LIMITED LIABILITY COMPANIES; LIMITED PARTNERSHIPS; LIMITED LIABILITY PARTNERSHIPS; UNINCORPORATED NONPROFIT ASSOCIATIONS; PROFESSIONAL CORPORATIONS; AGRICULTURAL COOPERATIVE ASSOCIATIONS; CONSUMER COOPERATIVE ASSOCIATIONS; LIMITED-EQUITY HOUSING COOPERATIVES; STATE-CHARTERED CREDIT UNIONS
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-02-19
Current Status:
In Progress
(2026-02-20: Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Prohibits any state-chartered corporation, limited liability company, limited partnership, limited liability partnership, cooperative, nonprofit, or other association from making expenditures or contributions in connection with elections or ballot measures. Deems any election or ballot measure expenditure or contribution to be ultra vires or void as a matter of law, triggering administrative forfeiture of charter privileges, including limited liability and perpetual duration, until reinstatement. Effective 1/1/2027. (SD1)
Discussed in Hearing
Feb 10, 2026
Senate Standing Committee on Commerce and Consumer Protection
Feb 10, 2026
Senate Standing Committee on Labor and Technology
Feb 10, 2026
Senate Standing Committee on Energy and Intergovernmental Affairs
Feb 4, 2026
Senate Standing Committee on Commerce and Consumer Protection
Feb 4, 2026
Senate Standing Committee on Energy and Intergovernmental Affairs
Feb 3, 2026
Senate Standing Committee on Commerce and Consumer Protection
Feb 3, 2026
Senate Standing Committee on Housing
Feb 3, 2026