11 CFR 115.4 – Partnerships
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(a) The assets of a partnership which is a Federal contractor may not be used to make contributions or expenditures in connection with Federal elections.
Terms Used In 11 CFR 115.4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) Individual partners may make contributions or expenditures in their own names from their personal assets.
(c) Nothing in this part prohibits an employee of a partnership which is a Federal contractor from making contributions or expenditures from his or her personal assets.