Section 704 – Statement of organization required for certain new corporations.

• (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.

Amended by Chapter 83, 2018 General Session