The corporation described in § 47-22-68.2 shall not retain any excess business holdings which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code. Source: SL 1972, ch 244 , § 2 (3).
Excess business holdings prohibited to foundation
SDCL § 47-22-68.5 — under NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS.
SDCL § 47-22-68.5