2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-403 - Distributions


MD Corp & Assn Code § 5-403 (2013) What's This?

§5-403.

For each taxable year, a private foundation shall distribute for the purposes specified in its charter amounts sufficient to avoid tax liability under § 4942(a) of the Internal Revenue Code.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.