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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-68.7 Taxable expenditures prohibited to foundation.
Universal Citation: SD Codified L § 47-22-68.7 (2018)
47-22-68.7. Taxable expenditures prohibited to foundation. The corporation described in § 47-22-68.2 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code.
Source: SL 1972, ch 244, § 2 (5).
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