The resolution proposes an amendment to the Arizona Constitution, specifically adding Section 20 to Article XIV, which addresses the powers and limitations of corporations and other artificial entities. This amendment stipulates that such entities possess only the powers granted by the state and may have their powers limited as a condition of receiving a charter or legal status. Any actions taken outside these granted powers would be considered void.

Additionally, the amendment explicitly prohibits corporations and artificial entities from engaging in political spending, defining this as any financial contributions or expenditures aimed at influencing elections. If a corporation or artificial entity violates this prohibition, it would lose its powers and privileges by operation of law, with reinstatement only possible through statutory procedures. The resolution mandates that this proposition be submitted to voters at the next general election.