A limited committee affiliated with a corporation may solicit contributions to the committee only from the corporation’s shareholders, directors, executive and administrative personnel and their families. For purposes of this section, “executive and administrative personnel” means an individual employed by a corporation who is paid on a salary, rather than hourly, basis and who has policymaking, managerial, professional or supervisory responsibilities.
Promulgated by Ethics Commission January 10, 2014; effective upon Legislature’s sine die adjournment May 23, 2014; operative January 1, 2015.