Restricted Class [Federal Elections] Law and Legal Definition

According to 11 CFR 114.1 (j) [Title 11 -- Federal Elections; Chapter I -- Federal Election Commission; Subchapter A – General; Part 114 -- Corporate and Labor Organization Activity], the term a corporation's restricted class is “its stockholders and executive or administrative personnel, and their families, and the executive and administrative personnel of its subsidiaries, branches, divisions, and departments and their families. A labor organization's restricted class is its members and executive or administrative personnel, and their families. For communications under 11 CFR 114.3, the restricted class of an incorporated membership organization, incorporated trade association, incorporated cooperative or corporation without capital stock is its members and executive or administrative personnel, and their families. (The solicitable class of a membership organization, cooperative, corporation without capital stock or trade association, as described in 11 CFR 114.7 and 114.8, may include some persons who are not considered part of the organization's restricted class, and may exclude some persons who are in the restricted class.)”