Indiana Code 3-9-2-3. Corporations, labor organizations, and national banks
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Sec. 3. (a) Notwithstanding IC 23-0.5-8-2 or any other statute, a corporation or labor organization may make a contribution to aid in the:
(2) the success or defeat of:
(1) election or defeat of a candidate; or
Terms Used In Indiana Code 3-9-2-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Statute: A law passed by a legislature.
(A) a political party; or
(B) a public question submitted to a vote in an election.
(b) Contributions by a corporation or labor organization are limited to those authorized by sections 4, 5, and 6 of this chapter.
(c) A national bank or a corporation organized by authority of any law of Congress must comply with contribution restrictions applicable to Indiana elections under 52 U.S.C. § 30118.
[Pre-1986 Recodification Citations: 3-4-3-3(a) part; 3-4-3-3(c).]
As added by P.L.5-1986, SEC.5. Amended by P.L.11-1987, SEC.3; P.L.7-1990, SEC.29; P.L.14-1992, SEC.1; P.L.3-1997, SEC.176; P.L.128-2015, SEC.145; P.L.118-2017, SEC.1.