§ 55-9-10 Retention of excess business holdings prohibited.

SD Codified L § 55-9-10 (2019) (N/A)
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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.

Source: SL 1972, ch 259, § 2 (3).