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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-68.6 Investments which jeopardize charitable purpose prohibited to foundation.
Universal Citation: SD Codified L § 47-22-68.6 (2019)
47-22-68.6. Investments which jeopardize charitable purpose prohibited to foundation. The corporation described in § 47-22-68.2 shall not make any investments which would jeopardize the carrying out of any of the exempt purposes of the corporation, within the meaning of section 4944 of the Internal Revenue Code so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code.
Source: SL 1972, ch 244, § 2 (4).
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