S.D. Codified Laws § 55-9-10

Current through the 2024 Legislative Session

Section 55-9-10 - Retention of excess business holdings prohibited

The trustee of a trust described in § 55-9-7 shall not retain any excess business holdings which would give rise to any liability for the tax imposed by section 4943 (a) of the Internal Revenue Code.

SDCL 55-9-10

SL 1972, ch 259, § 2 (3).