2018 South Dakota Codified Laws
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-68.3 Self-dealing by foundation prohibited.

47-22-68.3. Self-dealing by foundation prohibited. The corporation described in § 47-22-68.2 shall not engage in any act of self-dealing which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code.

Source: SL 1972, ch 244, § 2 (2).

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