TrustVoting Atlas

limited liability companies, affiliates, subsidiaries, and associations - Violation - Penalty -
Political action committees authorized.
1. A corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or
association may establish, administer, and solicit contributions to a separate and
segregated fund to be utilized for political purposes by the corporation, cooperative
corporation, limited liability company, affiliate, subsidiary, or association. It is unlawful
for:
a. The person or persons controlling the fund to make contributions or expenditures
utilizing money or anything of value secured by physical force, job discrimination,
financial reprisals, or the threat of them; or utilize money from dues, fees,
treasury funds, or other money required as a condition of membership in an
association, or as a condition of employment; or utilize money obtained in any
commercial transaction. Moneys from fees, dues, treasury funds, or money
obtained in a commercial transaction may, however, be used to pay costs of
administration of the fund.
b. Any person soliciting an employee, stockholder, patron, board member, or
member for a contribution to the fund to fail to inform the employee or member of
the political purposes of the fund at the time of the solicitation or of the general
political philosophy intended to be advanced through committee activities.
c. Any person soliciting an employee or member for a contribution to the fund to fail
to inform the employee or member at the time of the solicitation of the right to
refuse to contribute without any reprisal.
d. Any contribution to be accepted without keeping an accurate record of the
contributor and amount contributed and of amounts expended for political
purposes.
e. Any contribution to be accepted from any person not an employee, a stockholder,
a patron, a board member or a member of the corporation, cooperative
corporation, limited liability company, affiliate, subsidiary, or association
maintaining the political action committee, except a corporation may accept a
contribution from an employee, a stockholder, a patron, a board member, or a
member of an affiliate or a subsidiary of the corporation.

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f. Any expenditure made for political purposes to be reported under this section
before control of the expenditure has been released by the political action
committee except if there is a contract, a promise, or an agreement, expressed or
implied, to make such expenditure.
2. A person may not make a payment of that person's money or of another person's
money to any other person for a political purpose in any name other than that of the
person that supplies the money and a person may not knowingly receive the payment
nor enter nor cause the payment to be entered in that person's account or record in
any name other than that of the person by which it actually was furnished.
3. If an officer, employee, agent, attorney, or other representative of a corporation,
cooperative corporation, limited liability company, affiliate, subsidiary, or association
makes any contribution prohibited by this section out of corporate, cooperative
corporation, limited liability company, affiliate, subsidiary, or association funds or
otherwise violates this section, it is prima facie evidence of a violation by the
corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or
association.
4. A violation of this section may be prosecuted in the county where the contribution is
made or in any county in which it has been paid or distributed.
5. It is a class A misdemeanor for an officer, director, stockholder, manager, governor,
member, attorney, agent, or representative of any corporation, cooperative
corporation, limited liability company, affiliate, subsidiary, or association to violate this
section or to counsel or consent to any violation. Any person that solicits or knowingly
receives any contribution in violation of this section is guilty of a class A misdemeanor.
6. Any officer, director, stockholder, manager, governor, member, attorney, agent, or
representative who makes, counsels, or consents to the making of a contribution in
violation of this section is liable to the company, corporation, limited liability company,
affiliate, subsidiary, or association for the amount so contributed.