Illinois HB 4435: CORPORATE ELECTION ACTIVITIES

Status: Referred to Rules Committee (as of 2026-01-20)

State: Illinois · Session: 104th · Bill: HB 4435

Sponsors: Sharon Chung

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB4435

Introduced 1/20/2026, by Rep. Sharon Chung 

SYNOPSIS AS INTRODUCED:

805 ILCS 5/3.10 from Ch. 32, par. 3.10

 Amends the Business Corporation Act of 1983. Provides that nothing in the Act shall grant or recognize the power of a corporation to engage in activities related to the nomination or election of candidates for public office or the initiation, submission, or consideration of questions of public policy.

LRB104 17551 SPS 30979 b

A BILL FOR

HB4435LRB104 17551 SPS 30979 b

1 AN ACT concerning business.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Business Corporation Act of 1983 is amended 

5by changing Section 3.10 as follows:

6 (805 ILCS 5/3.10) (from Ch. 32, par. 3.10)

7 Sec. 3.10. General powers. Each corporation shall have 

8power:

9 (a) To have perpetual succession by its corporate name 

10unless a limited period of duration is stated in its articles 

11of incorporation.

12 (b) To sue and be sued, complain and defend, in its 

13corporate name.

14 (c) To have a corporate seal which may be altered at 

15pleasure, and to use the same by causing it, or a facsimile 

16thereof, to be impressed or affixed or in any other manner 

17reproduced, provided that the affixing of a corporate seal to 

18an instrument shall not give the instrument additional force 

19or effect, or change the construction thereof, and the use of a 

20corporate seal is not mandatory.

21 (d) To purchase, take, receive, lease as lessee, take by 

22gift, legacy, or otherwise acquire, and to own, hold, use, and 

23otherwise deal in and with any real or personal property, or 

HB4435- 2 -LRB104 17551 SPS 3097

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