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§ 47-22-68-5 — South Dakota Law | CourtGPT
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South Dakota Legal Code

§ 47-22-68-5

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47-22-68.5. Excess business holdings prohibited to foundation.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).