South Dakota Statutes
§ 55-9-11 — Investments to jeopardize exempt purposes prohibited.
South Dakota § 55-9-11
This text of South Dakota § 55-9-11 (Investments to jeopardize exempt purposes prohibited.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 55-9-11 (2026).
Text
The trustee of a trust described in § 55-9-7 shall not make any investments which would jeopardize the carrying out of any of the exempt purposes of the trust, 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.
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Legislative History
SL 1972, ch 259, § 2 (4).
Nearby Sections
15
§ 55-1-2
Trusts classified.§ 55-1-20
Trusts for noncharitable purposes.§ 55-1-21.1
Termination of trust for care of animal.§ 55-1-21.11
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Bluebook (online)
South Dakota § 55-9-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-9-11.