20A-11-704. Statement of organization required for certain new corporations.

231 words·~1 min read·/ut/title-20a/chapter-11/20a-11-704

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

Effective 5/7/2025

(1)A corporation that is incorporated, organized, or otherwise created less than 90 calendar 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.

(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.

Amended by Chapter 448 , 2025 General Session