Statement of organization required for certain new corporations.

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  • (1) A corporation that is incorporated, organized, or otherwise created less than 90 days before the date of a general election shall file a statement of organization with the lieutenant governor's office before making a contribution to a political action committee or a political issues committee in association with the election.
  • (2) The statement of organization shall include:
    • (a) the name and street address of the corporation;
    • (b) the name, street address, phone number, occupation, and title of one or more individuals that have primary decision-making authority for the corporation;
    • (c) the name, street address, phone number, occupation, and title of the corporation's chief financial officer;
    • (d) the name, street address, occupation, and title of all other officers or managers of the corporation; and
    • (e) the name, street address, and occupation of each member of the corporation's governing and advisory boards, if any.
  • (3)
    • (a) A corporation shall file with the lieutenant governor's office a notice of intent to cease making contributions, if the corporation:
      • (i) has made a contribution described in Subsection (1); and
      • (ii) intends to permanently cease making contributions described in Subsection (1).
    • (b) A notice filed under Subsection (3)(a) does not exempt the corporation from complying with the financial reporting requirements described in this chapter.




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