Section 55-9-9 - Distributions required to avoid taxes

55-9-9. Distributions required to avoid taxes.The trustee of a trust described in §55-9-7 shall distribute for each taxable year of the trust, amounts at least sufficient to avoid liability for the tax imposed by section 4942 (a) of the Internal Revenue Code. Source: SL 1972, ch 259, §2 (1).