121.035 Corporate contributions to aid candidates for public office prohibited

298 words·~1 min read·/ky/121-035

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

-- Aid to support a constitutional amendment, public issue, or building

fund account permitted.

(1)No corporation organized or authorized to do business in this state or in

another state shall, by itself or by or through an officer, agent, attorney, or

employee, subscribe, give, procure or furnish, or afterwards reimburse or

compensate in any way any person who has subscribed, given, procured, or

furnished, any money, privilege, favor, or other thing of value to any political or

quasi-political organization, or any officer or member thereof, to be used by

such organization for the purpose of aiding, assisting, or advancing any

candidate for public office in this state in any way whatever.

(2)No officer, agent, attorney, or employee of any corporation organized or

authorized to do business in this state or in another state, or person acting for

or representing any such corporation, shall disburse, distribute, pay out, or in

any way handle any money, funds, or other thing of value that belongs to or

has been or is being furnished by any such corporation or any officer, agent,

attorney, or employee thereof to be used or employed in any way for the

purpose of aiding, assisting, or advancing any candidate for public office in this

state in any way whatever.

(3)Nothing in this section shall be construed to prohibit a corporation from making

contributions in support of a constitutional amendment, a public question which

appears on the ballot, or position on an issue of public importance, or to

prohibit a corporation from making contributions to a state executive

committee's building fund account established under KRS 121.172. Nothing in

this chapter shall be construed to prohibit a not-for-profit corporation, which

does not derive a substantial portion of its revenue from for-profit corporations,

from making independent expenditures.