2012 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 21 - CERTAIN POWERS, RIGHTS, AND DUTIES OF CORPORATIONS.
Section 10A-21-1.04 - Corporation contributions to candidates, parties, etc.
It is the intent of the Legislature that the provisions hereof shall not repeal nor be construed to repeal any provision of Section 10A-21-1.03. Provided further, however, notwithstanding any provision hereof or any other law to the contrary, it shall be legal and permissible for any corporation, other than a public utility that is regulated by the Public Service Commission, whether for profit or nonprofit, incorporated under the laws of or doing business in this state, to directly give, pay, expend, or contribute, any money or other valuable thing in any amount not to exceed five hundred dollars ($500) to any one candidate or political party or political committee. It shall also be legal and permissible for nonprofit corporations to directly give, pay, extend, or contribute, any money or other valuable thing in any amount in order to aid, promote, or defeat any question or proposition submitted to the vote of the people.
A corporation which is a public utility because it owns, controls, or operates a railroad shall not make a contribution to any candidate for the Public Service Commission, but shall otherwise be entitled to take any action permitted nonpublic utilities under this section.
(Acts 1981, No. 81-860, p. 1631, §3; Acts 1988, No. 88-107, p. 137, §2; §10-2A-70.02; amended and renumbered by Act 2009-513, p. 967, §356.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
