We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In Advisory Opinion 2010-12 issued on August 13, 2010, the Federal Election Commission (FEC) addressed whether a corporation's board of directors are members of the corporation's "restricted class" and thus may be solicited for contributions to the corporation's federal PAC
On January 21, 2010, the United States Supreme Court ruled in Citizens United v. Federal Election Commission that corporations and unions may use general treasury funds to make independent expenditures for speech that is an electioneering communication or for speech expressly advocating the election or defeat of a candidate
In Advisory Opinion 2010-04, issued on April 30, 2010, the Federal Election Commission (FEC) revisited the issue of a corporation's "restricted class."
