There is a newer version of this Section
2017 Maryland Code
Estates and Trusts
Title 14 - Trusts
Subtitle 3 - Charitable Trusts
§ 14-305. Distributions
Universal Citation: MD Est & Trusts Code § 14-305 (2017)
In the administration of any trust which is a "private foundation" as defined in § 509 of the Internal Revenue Code, or which is a "charitable trust" as defined in § 4947(a)(1) of the Internal Revenue Code, there shall be distributed, for the purposes specified in the trust instrument, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by § 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.