{"data":{"id":"us-ks/k.s.a.-79-4601","jurisdiction":"us-ks","citation":"K.S.A. 79-4601","heading":"Private foundation; corporation as; acts prohibited.","body":"No corporation which is a \"private foundation\" as defined in § 509 (a) of the internal revenue code of 1954, shall\n(a) engage in any act of \"self-dealing\" (as defined in § 4941 (d) of the internal revenue code of 1954), which would give rise to any liability for the tax imposed by § 4941 (a) of the internal revenue code of 1954;\n(b) retain any \"excess business holdings\" (as defined in § 4943 (c) of the internal revenue code of 1954), which would give rise to any liability for the tax imposed by § 4943 (a) of the internal revenue code of 1954;\n(c) make any investment which would jeopardize the carrying out of any of its exempt purposes, within the meaning of § 4944 of the internal revenue code of 1954, so as to give rise to any liability for the tax imposed by § 4944 (a) of the internal revenue code of 1954; and\n(d) make any \"taxable expenditures\" (as defined in § 4945 (d) of the internal revenue code of 1954) which would give rise to any liability for the tax imposed by § 4945 (a) of the internal revenue code of 1954.","path":["Chapter 79.—TAXATION","Article 46.—PRIVATE FOUNDATIONS"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch79/079_046_0001.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:15:21Z","sha256":"0aecf81f60ce47c3f25cab62319885cb4cb6cd48aaa1ff1876a0eb268d824661","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-79-4531","next":"us-ks/k.s.a.-79-4602"},"notice":"GroundRules: Original legal text. Not legal advice."}