(1) If the major source of revenue of a corporation is paid-in-capital and the primary
purpose of the corporation is to support or oppose any candidate, measure or political
party, and the corporation has made a contribution or an expenditure for that purpose,
the corporation shall report to the Secretary of State the names, addresses and occupations
of its shareholders and shall report the amount of paid-in-capital attributable to
(2) The information required under subsection (1) of this section, including information
on the nature and amount of all expenditures of money and in-kind contributions made
by the corporation, shall be filed not later than seven calendar days after the contribution
or expenditure is made.
(3) The secretary shall adopt by rule a form for the filing of the information required
under this section.
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