§ 47-22-68.5 Excess business holdings prohibited to foundation.

SD Codified L § 47-22-68.5 (2019) (N/A)
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47-22-68.5. Excess business holdings prohibited to foundation. The corporation described in § 47-22-68.2 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.

Source: SL 1972, ch 244, § 2 (3).