Tennessee Statutes
§ 35-9-102 — Distribution of amounts to avoid tax liability
Tennessee·Title 35
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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Related
§ 4942
26 U.S.C. § 4942
Legislative History
Acts 1971, ch. 3, § 2; T.C.A., § 35-1002.
Nearby Sections
15
§ 35-1-102
Appointment of public trustee§ 35-10-101
Short title§ 35-10-102
Chapter definitions§ 35-10-107
Reviewing compliance§ 35-10-108
Application to existing institutional funds§ 35-10-110
Uniformity of application and construction§ 35-11-101
Funds placed in trust - Trustee