Effective - 28 Aug 2022, 2 histories
130.029. Corporations and labor organizations may make contributions or expenditures — limited liability companies, applicability, when. — 1. Nothing herein contained shall be construed to prohibit any corporation organized under any general or special law of this state, or any other state or by an act of the Congress of the United States or any labor organization, cooperative association or mutual association from making any contributions or expenditures, provided:
(1) That the board of directors of any corporation by resolution has authorized contributions or expenditures, or by resolution has authorized a designated officer to make such contributions or expenditures; or
(2) That the members of any labor organization, cooperative association or mutual association have authorized contributions or expenditures by a majority vote of the members present at a duly called meeting of any such labor organization, cooperative association or mutual association or by such vote has authorized a designated officer to make such contributions or expenditures.
2. No provision of this section shall be construed to authorize contributions or expenditures otherwise prohibited by, or to change any necessary percentage of vote otherwise required by, the articles of incorporation or association or bylaws of such labor organization, corporation, cooperative or mutual association.
3. Authority to make contributions or expenditures as authorized by this section shall be adopted by general or specific resolution. This resolution shall state the total amount of contributions or expenditures authorized, the purposes of such contributions or expenditures and the time period within which such authority shall exist.
4. (1) Any limited liability company that is duly registered pursuant to chapter 347 and that has not elected to be classified as a corporation under the federal tax code may make contributions to any committee if the limited liability company has:
(a) Been in existence for at least one year prior to such contribution; and
(b) Electronically filed with the Missouri ethics commission indicating that the limited liability company is a legitimate business with a legitimate business interest and is not created for the sole purpose of making campaign contributions.
(2) The Missouri ethics commission shall develop a method for limited liability companies to use for purposes of paragraph (b) of subdivision (1) of this subsection. The commission shall post all information submitted pursuant to this subdivision on its website on a public page in a searchable format.
--------
(L. 1978 S.B. 839, A.L. 2022 H.B. 2400)
Structure Missouri Revised Statutes
Title IX - Suffrage and Elections
Chapter 130 - Campaign Finance Disclosure Law
Section 130.011 - Definitions.
Section 130.023 - Challenge failure to report.
Section 130.033 - Attorney's fees may be paid from candidate committee funds, when.
Section 130.036 - Treasurer, deputy treasurer or candidate to maintain records, contents.
Section 130.041 - Disclosure reports — who files — when required — contents.
Section 130.042 - Posting of expenditures supporting and opposing candidates.
Section 130.047 - Reporting noncommittee expenditures.
Section 130.049 - Out-of-state committees, reporting, contents.
Section 130.050 - Out-of-state committees, reporting, contents — late contribution or loan, defined.
Section 130.056 - Executive director of commission, duties.
Section 130.058 - Responsibility for reporting requirements.
Section 130.072 - Fines for violations — limitation.
Section 130.081 - Violation, class A misdemeanor.
Section 130.091 - When chapter applicable to elections and contributions or expenditures.
Section 130.096 - Severability.
Section 130.110 - Limitation of cash contributions and anonymous contributions.
Section 130.120 - Disclosure of contributor information required.
Section 130.150 - Complaints filed with ethics commission or civil action for forfeiture authorized.
Section 130.160 - Severability clause for sections 130.110 to 130.160.