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2019 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 9 - Administration of Private Foundations, Charitable Trusts or Split-Interest Trusts
§ 35-9-102. Distribution of amounts to avoid tax liability.
Universal Citation:
TN Code § 35-9-102 (2019)
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In the administration of any trust that is a private foundation or that is a charitable trust, there shall be distributed, for the purposes specified in the trust instrument, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by § 4942(a) of the Internal Revenue Code of 1954 (26 U.S.C. § 4942(a)).
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