This bill aims to prohibit corporations and limited liability companies (LLCs) from engaging in election activities, which are defined as any financial contributions or expenditures made to support or oppose candidates, political parties, or ballot questions. The bill amends several sections of the Minnesota Statutes, specifically adding new subdivisions that clarify the definition of "election activity" and explicitly state that no corporation or LLC shall have the power to participate in or influence election activities, either directly or indirectly.
Key amendments include the addition of new subdivisions in sections 302A.011, 317A.011, and 322C.0102 that define election activity, as well as modifications to sections 302A.161, 317A.161, and 322C.0105 that limit the powers of corporations and LLCs regarding election involvement. The bill emphasizes that any existing statutes or corporate articles do not grant authority for such activities, reinforcing the prohibition against corporate influence in elections.
Statutes affected: Introduction: 302A.011, 302A.161, 302A.165, 317A.011, 317A.161, 317A.165, 322C.0102, 322C.0105