State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-09 > Statute-55-9-10

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).

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-09 > Statute-55-9-10

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).