Statement of organization required for certain new corporations

(1) A corporation that is incorporated, organized, or otherwise created less than 90 calendar 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.