The trustee of a trust described in § 55-9-7 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945 (a) of the Internal Revenue Code. Source: SL 1972, ch 259 , § 2 (5).
Taxable expenditures prohibited
SDCL § 55-9-12 — under CHARITABLE TRUSTS.
SDCL § 55-9-12