South Dakota Codified Laws 55-9-8. Self-dealing by trustee prohibited
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The trustee of a trust described in § 55-9-7 shall not engage in any act of self–dealing which would give rise to any liability for the tax imposed by section 4941 (a) of the Internal Revenue Code.
Terms Used In South Dakota Codified Laws 55-9-8
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1972, ch 259, § 2 (2).