| Advisory opinion request from Rodney Schamerhorn, a candidate for State Representative, District 24, in the October 24, 2015 election, regarding the campaign finance contribution limits for S corporations. |
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Rodney Schamerhorn will be a candidate for State Representative, District 24, in the October 24, 2015 election. He is President and holds a 79% ownership interest in two S corporations, Schamerhorn, Inc. and Schamerhorn C/D Landfill, Inc., with the remaining 21% owned by his son, Chris Schamerhorn.
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La. R.S. 18:1505.2H establishes a contribution limit of $2,500 for a district level office. La. R.S. 18:1505.2F provides that no profit or nonprofit corporation, labor organization, or trade, business, or professional association shall make any campaign contribution or expenditure unless specifically authorized to do so whether: by the vote of the board of directors of the corporation, of the executive board of the labor organization or of the trade, business, or professional association at a regular or special meeting thereof; by the president, vice president, secretary, or treasurer of a corporation or labor organization whom the board has specifically empowered to authorize such contributions or expenditures, or, for a corporation, by any other person designated by resolution of the board of directors of a corporation to authorize contributions or expenditures; or by a vote of the membership of the labor organization. No profit or nonprofit corporation, labor organization or trade, business, or professional association shall make any contribution or expenditure, other than an in-kind contribution or expenditure, except by check.
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Adopt the proposed advisory opinion.
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| Assigned Attorney: |
Jennifer Land |
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