Bills

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

Senate Standing Committee on Commerce and Consumer Protection1MIN
Feb 10, 2026

Senate Standing Committee on Commerce and Consumer Protection

Senate Standing Committee on Labor and Technology1MIN
Feb 10, 2026

Senate Standing Committee on Labor and Technology

Senate Standing Committee on Energy and Intergovernmental Affairs1MIN
Feb 10, 2026

Senate Standing Committee on Energy and Intergovernmental Affairs

Senate Standing Committee on Commerce and Consumer Protection2MIN
Feb 4, 2026

Senate Standing Committee on Commerce and Consumer Protection

Senate Standing Committee on Energy and Intergovernmental Affairs2MIN
Feb 4, 2026

Senate Standing Committee on Energy and Intergovernmental Affairs

Senate Standing Committee on Commerce and Consumer Protection2MIN
Feb 3, 2026

Senate Standing Committee on Commerce and Consumer Protection

Senate Standing Committee on Housing2MIN
Feb 3, 2026

Senate Standing Committee on Housing

Senate Standing Committee on Economic Development and Tourism2MIN
Feb 3, 2026

Senate Standing Committee on Economic Development and Tourism

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News Coverage:

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 | Digital Democracy