North Dakota legislation · 69th Legislative Assembly
North Dakota HB1286: A BILL for an Act to create and enact sections 16.1-08.1-09, 16.1-08.1-10, 16.1-08.1-11, and 16.1-08.1-12 of the North Dakota Century Code, relating to reporting the ultimate and true source of funds; to amend and reenact sections 16.1-08.1-01 and 16.1-10-04.1 of the North Dakota Century Code, relating to political advertisements and reporting the ultimate and true sources of funds; to repeal section 16.1-08.1-08 of the North Dakota Century Code, relating to identifying the ultimate and true source of funds; and to provide a penalty.
Status: Failed, February 13, 2025
Relating to reporting the ultimate and true source of funds; to amend and reenact sections 16.1‑08.1‑01 and 16.1‑10‑04.1 of the North Dakota Century Code, relating to political advertisements and reporting the ultimate and true sources of funds; to repeal section 16.1‑08.1‑08 of the North Dakota Century Code, relating to identifying the ultimate and true source of funds; and to provide a penalty.
What the bill says
A bill for an Act to create and enact sections 16.1-08.1-09, 16.1-08.1-10, 16.1-08.1-11, and 16.1-08.1-12 of the North Dakota Century Code, relating to reporting the ultimate and true source of funds; to amend and reenact sections 16.1-08.1-01 and 16.1-10-04.1 of the North Dakota Century Code, relating to political advertisements and reporting the ultimate and true sources of funds; to repeal section 16.1-08.1-08 of the North Dakota Century Code, relating to identifying the ultimate and true source of funds; and to provide a penalty.
From the introduced text, January 13, 2025:
A BILL for an Act to create and enact sections 16.1-08.1-09, 16.1-08.1-10, 16.1-08.1-11, and 16.1-08.1-12 of the North Dakota Century Code, relating to reporting the ultimate and true source of funds; to amend and reenact sections 16.1-08.1-01 and 16.1-10-04.1 of the North Dakota Century Code, relating to political advertisements and reporting the ultimate and true sources of funds; to repeal section 16.1-08.1-08 of the North Dakota Century Code, relating to identifying the ultimate and true source of funds; and to provide a penalty. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. AMENDMENT. Section 16.1-08.1-01 of the North Dakota Century Code is amended and reenacted as follows: 16.1-08.1-01. Definitions. As used in this chapter, unless the context otherwise requires: 1. "Affiliate" means an organization that controls, is controlled by, or is under common control with another organization. For purposes of this definition, control means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of an organization, whether through the ownership of voting securities, by contract other than a commercial contract for goods or nonmanagement services, or otherwise. Control is presumed to exist if an organization, directly or indirectly, owns, controls, holds with the power to vote, or holds proxies representing fifty percent or more of the voting …