South Dakota Codified Laws 55-9-9. Distributions required to avoid taxes
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The trustee of a trust described in § 55-9-7 shall distribute for each taxable year of the trust, amounts at least sufficient to avoid liability for the tax imposed by section 4942 (a) of the Internal Revenue Code.
Terms Used In South Dakota Codified Laws 55-9-9
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1972, ch 259, § 2 (1).