South Dakota § 55-9-6 Restrictions to avoid taxability of income--Definition of terms.

South Dakota Statutes

§ 55-9-6 — Restrictions to avoid taxability of income--Definition of terms.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-9 CHARITABLE TRUSTS

Terms as used in §§ to 55-9-14 , inclusive shall have the following meaning:

(1)"Charitable trust," as defined in section 4947 (a)(1) of the Internal Revenue Code;

(2)"Excess business holdings," as defined in section 4943 (c) of the Internal Revenue Code;

(3)"Internal Revenue Code," the United States Internal Revenue Code of 1954, as amended;

(4)"Private foundation," as defined in section 509 (a) of the Internal Revenue Code;

(5)"Self - dealing," as defined in section 4941 (d) of the Internal Revenue Code;

(6)"Split - interest," as defined in section 4947 (a)(2) of the Internal Revenue Code;

(7)"Taxable expenditure," as defined in section 4945 (d) of the Internal Revenue Code;

(8)"Trustee," a corporation, individual, or other legal entity acting as an origin

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Terms as used in §§ to 55-9-14 , inclusive shall have the following meaning: (1) "Charitable trust," as defined in section 4947 (a)(1) of the Internal Revenue Code; (2) "Excess business holdings," as defined in section 4943 (c) of the Internal Revenue Code; (3) "Internal Revenue Code," the United States Internal Revenue Code of 1954, as amended; (4) "Private foundation," as defined in section 509 (a) of the Internal Revenue Code; (5) "Self - dealing," as defined in section 4941 (d) of the Internal Revenue Code; (6) "Split - interest," as defined in section 4947 (a)(2) of the Internal Revenue Code; (7) "Taxable expenditure," as defined in section 4945 (d) of the Internal Revenue Code; (8) "Trustee," a corporation, individual, or other legal entity acting as an original, added, or successor trustee of a testamentary or inter vivos trust estate, whichever in a particular case shall be appropriate.

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