There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 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).
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