N.D. Cent. Code § 16.1-08.1-03.5

Current through 2023 Legislative Sessions

Section 16.1-08.1-03.5 - Corporate contributions and expenditures - Statement required

1. Corporations, cooperative corporations, limited liability companies, affiliates, subsidiaries, and associations may make expenditures and contributions for promoting any general political philosophy or belief deemed in the best interest of the employees, stockholders, patrons, or members of the corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association other than a "political purpose" as defined by this chapter. A corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association may not make a contribution for a political purpose.

2. A corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association may make a donation of property or money to a state political party or nonprofit entity affiliated with or under the control of a state political party for deposit in a separate and segregated building fund.

3. A corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association may make an expenditure to a measure committee as described in section 16.1-08.1-01 for the purpose of promoting the passage or defeat of an initiated or referred measure or petition or make an expenditure to any other person that makes an independent expenditure. A corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association may make an independent expenditure for a political purpose, including political advertising in support of or opposition to a candidate, political committee, or a political party, or for the purpose of promoting passage or defeat of initiated or referred measures or petitions. The corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association shall file a statement disclosing any expenditure made under this subsection with the secretary of state within forty-eight hours after making the expenditure. The statement must include:

a. The full name of the corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association;

b. The complete address of the corporation, cooperative corporation, limited liability company, affiliate, subsidiary, or association;

c. The name of the recipient of the expenditure;

d. If the expenditure is related to a measure or petition, the title of the measure or petition and whether the expenditure is made in support of or opposition to the measure or petition;

e. If the expenditure is related to a measure, the election date on which the measure either will appear or did appear on the ballot;

f. The amount of the expenditure;

g. The cumulative total amount of expenditures since the beginning of the calendar year which are required to be reported under this subsection;

h. The telephone number and the printed name and signature of the individual completing the statement, attesting to the statement being true, complete, and correct; and

i. The date on which the statement was signed.

N.D.C.C. § 16.1-08.1-03.5

Amended by S.L. 2017, ch. 155 (SB 2343),§ 9, eff. 2/1/2018 and applicable for campaign years that begin after 12/31/2017.

Amended by S.L. 2015, ch. 159 (HB 1309),§ 5, eff. 8/1/2015.

Amended by S.L. 2013, ch. 172 (SB 2299),§ 7, eff. 8/1/2013.

Amended by S.L. 2011, ch. 155 (SB 2073),§ 3, eff. 8/1/2011.