The trustee of a trust described in § 55-9-7 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 259 , § 2 (2).
Self - dealing by trustee prohibited
SDCL § 55-9-8 — under CHARITABLE TRUSTS.
SDCL § 55-9-8