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SB 2471 SD2

Hawaii - Session 2026

Senate failed 2026-03-18
Bill Details

Title: Business Entities; Nonprofit Corporations; Limited Liability Companies; Limited Partnerships; Limited Liability Partnerships; Nonprofit Associations; Professional Corporations; Agricultural Cooperative Associations; Consumer Cooperative Associations; Limited-Equity Housing Cooperatives; State-Chartered Credit Unions; Election Activities; Limitations

Summary

Reaffirms that artificial persons created under state law possess only those powers that are necessary or convenient to carry out lawful business and charitable or organizational purposes, and that those powers do not include the power to spend money or contribute anything of value to influence elections or ballot measures. Revokes all prior grants of corporate and entity powers and regrants only those powers that the State determines to be necessary or convenient to conduct lawful business under the constitution and laws of this State. Effective 1/1/2027. (SD2)

Sponsor
Karl Rhoads
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-03-18 Status failed
2026-03-18 Latest Action The committee(s) on CPC recommend(s) that the measure be deferred.
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