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Home » US Law » 2022 South Dakota Codified Laws » Title 55 - Fiduciaries and Trusts » Chapter 09 - Charitable Trusts » Section 55-9-10 – Retention of excess business holdings prohibited.

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).