The corporation described in § 47-22-68.2 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. Source: SL 1972, ch 244 , § 2 (2).
Self - dealing by foundation prohibited
SDCL § 47-22-68.3 — under NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS.
SDCL § 47-22-68.3