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
Current Status:
In Progress
(2026-01-30: The committee(s) on CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Makes any state-chartered corporation, limited liability company, limited partnership, limited liability partnership, cooperative, nonprofit, or other association lack the legal capacity to make 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.