SB 2471
AG; DCCA; Business Entities; State-Chartered Credit Unions; Corporations; Nonprofit Corporations; Professional Corporations; Agricultural Cooperative Associations; Consumer Cooperative Associations; Limited-Equity Housing Cooperatives; Limited Liability Partnerships; Limited Partnerships; Limited Liability Companies; Election Activities; Ballot-Issue Activities; Limitations; Penalties
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Reaffirms that artificial persons created under state law possess only those powers that are necessary or convenient to carry out lawful purposes, and that those powers do not include the power to spend money or contribute anything of value to influence elections or ballot measures. Authorizes the Attorney General and the Director of Commerce and Consumer Affairs to impose certain penalties for violations. Effective 7/1/2027. (CD2)
Sponsors
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Primary sponsor
Cosponsors
Joy A. San Buenaventura
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