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2017 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-68.1 Restrictions on private foundations--Definition of terms.
Universal Citation: SD Codified L § 47-22-68.1 (2017)
47-22-68.1. Restrictions on private foundations--Definition of terms. Terms as used in §§ 47-22-68.1 to 47-22-68.9, inclusive, shall have the following meaning:
(1) "Excess business holdings," as defined in section 4943(c) of the Internal Revenue Code;
(2) "Internal Revenue Code," the United States Internal Revenue Code of 1954, as amended;
(3) "Private foundation," as defined in section 509(a) of the Internal Revenue Code;
(4) "Self-dealing," as defined in section 4941(d) of the Internal Revenue Code;
(5) "Taxable expenditure," as defined in section 4945(d) of the Internal Revenue Code.
Source: SL 1972, ch 244, § 1.
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