The trustee of a trust described in § 55-9-7 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 259 , § 2 (3).
Retention of excess business holdings prohibited
SDCL § 55-9-10 — under CHARITABLE TRUSTS.
SDCL § 55-9-10