S.D. Codified Laws § 55-9-12

Taxable expenditures prohibited

Last amended: 1972Year: 2025Length: 43 wordsOfficial source
The trustee of a trust described in § 55-9-7 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945 (a) of the Internal Revenue Code. Source: SL 1972, ch 259, § 2 (5).
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