South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-22-68.6: Investments which jeopardize charitable purpose prohibited to foundation.

Where this section sits in the code

TITLE 47. CORPORATIONS
CHAPTER 47-22. NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS

The corporation described in § 47-22-68.2 shall not make any investments which would jeopardize the carrying out of any of the exempt purposes of the corporation, within the meaning of section 4944 of the Internal Revenue Code so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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