Enacts new GS 163-278.12D requiring North Carolina corporations that spend $10,000 or more of treasury funds on independent expenditures or electioneering communications during a 12-month period to first obtain approval by a vote of their shareholders. Subjects directors to joint and several liability for unauthorized expenditures. Applies to elections held on or after January 1, 2012.
CITIZENS UNITED DISCLOSURES.
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| View NCGA Bill Details | 2011-2012 Session |
PROVIDING FOR SHAREHOLDER VOTE ON CORPORATE INDEPENDENT EXPENDITURES AND ELECTIONEERING COMMUNICATIONS.Intro. by Harrison, Martin.
Status: Ref To Com On Elections (House Action) (Apr 6 2011)
Bill History:
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Tue, 5 Apr 2011 House: Filed
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Wed, 6 Apr 2011 House: Passed 1st Reading
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Wed, 6 Apr 2011 House: Ref To Com On Elections
H 624
Bill Summaries:
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Bill H 624 (2011-2012)Summary date: Apr 5 2011 - View Summary
View: All Summaries for Bill